One measure of the inflation rate is the
A) sum of the CPIs of adjacent years.
B) percentage change in the CPI of adjacent years.
C) percentage change in the Real GDP of adjacent years.
D) GDP minus the Real GDP in a year.
B
Economics
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For the perfectly competitive firm, price
A) equals average revenue and marginal revenue. B) equals average total cost. C) changes as output changes. D) depends on the fixed cost for the firm.
Economics
The economic boom of the 1990s was caused in part by:
a. Jimmy Carters efficient administration. b. sub-prime lending. c. an investment boom as the use of personal computers and the Internet became ubiquitous. d. All of the above are correct. e. Only a and c are correct.
Economics