The statement "It is better to suffer a little more unemployment than a little lower price" is an example of normative economic analysis
a. True
b. False
Indicate whether the statement is true or false
True
Economics
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Suppose a report from the Bureau of Labor Statistics states that the CPI for the year 2012 was 152. What is the percentage point increase in the prices of the goods and services since the reference base period?
A) 252 percent B) 100 percent C) 52 percent D) 48 percent E) 152 percent
Economics
If V = 5, P = $3, and Y = 50, then the quantity of money equals
A) $10. B) $30. C) $150. D) $300.
Economics