The run up in gasoline prices between 1999 and 2007
A. still had them much below their long-term inflation-adjusted average.
B. put them about the same as their long-term inflation-adjusted average.
C. still had them slightly below their long-term inflation-adjusted average.
D. put them much above their long-term inflation-adjusted average.
Answer: D
You might also like to view...
An increase in the minimum wage to $15 per hour would lead to
A) an increase in search activity for many workers. B) a decrease in search activity for many workers. C) a decrease in unemployment. D) no change in unemployment. E) no change in employment.
The above table gives the demand schedule for Billy Bob's BBQ ribs. An increase in the price of a pound of ribs will lead to a decrease in total revenue when
A) demand is inelastic. B) the demand curve is vertical. C) the price increase occurs over the price range of 0 to $5. D) the price increase occurs over the price range of $5 to $10.