If the consumer price index (CPI) this year is 162 and last year it was 170, the inflation rate
a. is positive
b. is negative.
c. has decreased since last year.
d. has increased since last year.
e. is the same as last year.
b
Economics
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The industry demand curve for labor is the
A) horizontal sum of individual firm labor demand curves. B) vertical sum of individual firm demand curves. C) representative firm's demand curve multiplied by the number of firms. D) none of the above
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Scarcity
A. necessitates choice among consumer goods. B. of income renders purchase decisions interdependent. C. affects all consumer decisions. D. may involve forgoing the pleasure of one good in order to enjoy another. E. All of the above answers are correct.
Economics