When a new discount retailer, like Wal-Mart, opens a store, people save money. The CPI
a. completely ignores this
b. accounts for every implication of this
c. misses the reduction in what people pay when they shift but captures the effect from that point on.
d. does not count sales at discount stores.
e. misses the reduction in what people pay only for stores in mid-sized cities.
C
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The figure above shows the demand for fruit snacks. Which movement reflects an increase in demand?
A) from point a to point e B) from point a to point b C) from point a to point c D) from point a to point d
If the marginal social cost exceeds the marginal social benefit for the last pair of shoes produced, then the economy is producing more than the efficient amount
Indicate whether the statement is true or false
The demand for ice cream is very elastic. This fact indicates that the demand for ice cream workers is
a. one b. inelastic c. elastic d. seasonal e. recession-proof
Which one of the following equations is correct?
A. Total reserves minus excess reserves equals required reserves. B. Excess reserves minus required reserves equals total reserves. C. Required reserves equals excess reserves divided by total reserves. D. Total reserves equals excess reserves divided by required reserves.