All of the following are microeconomic consequences of inflation except
A. A wealth effect.
B. An income effect.
C. A profit effect.
D. A price effect.
Answer: C
Economics
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Which of the following is NOT a likely goal of macroeconomic coordination between nations?
A) Reducing trade barriers B) Achieving a desirable level of world economic growth C) Avoiding a global economic crisis D) Correcting global economic imbalances
Economics
An increase in demand will: a. reduce total revenue
b. increase total revenue. c. increase total revenue only if supply is inelastic. d. increase total revenue only if supply is inelastic.
Economics