If the marginal rate of substitution between tea and sugar is constant, then tea and sugar can be considered _____
a. perfect complements
b. perfect substitutes
c. merit goods
d. inferior goods
b
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The United Nations set a "Millennium Goal" to cut the incidence of global poverty in half between 2000 and 2015
Indicate whether the statement is true or false
During the post war period,
a. an economic slowdown occurred immediately following the Armistice. b. a vigorous boom began in 1919. c. the Federal Reserve followed a policy of keeping its discount rate below market rates. d. All of the above are correct. e. Only b and c are correct.
Losers from inflation include:
A. those on a fixed income and savers. B. landlords and the government. C. borrowers and the government. D. those on a fixed income and borrowers.
Refer to the information provided in Figure 34.1 below to answer the question(s) that follow.
Figure 34.1Refer to Figure 34.1. The ________ in this economy is 0.6.
A. MPS B. MPC C. MPM D. open economy multiplier