The break-even point means that the firm is realizing economic profits.

Irving Fisher took the view that the institutional features of the economy which affect velocity change ________ over time so that velocity will be fairly ________ in the short run

A) rapidly; erratic B) rapidly; stable C) slowly; stable D) slowly; erratic

A cumulative wage-price spiral that produces a rapid increase in the price level of over 100 percent can be characterized as:

A. hyperinflation. B. cost-push inflation. C. demand-pull inflation. D. anticipated inflation.