Using year-by-year data from 1987-2007 shows that
A) there is a strong positive relation between average Latin American money-supply growth and inflation.
B) there is a strong negative relation between average Latin American money-supply growth and inflation.
C) there is a strong positive relation between average Latin American money-supply growth and deflation.
D) it is difficult to find a strong positive relation between average Latin American money-supply growth and inflation.
E) there is a weak positive relation between average Latin American money-supply growth and inflation.
A
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The figure above shows Kaley's marginal benefit from swimming with manatees and Scott's marginal cost of providing manatee swimming tours. If Scott offers two swim tours per week, he incurs a marginal cost of
A) more than $30. B) $30. C) $20. D) $10. E) $2.
In the above figure, the shift in the demand curve from D to D1 can be the result of
A) a decrease in income if pizza is a normal good. B) a decrease in the price of a sub sandwich, a substitute for pizza. C) an increase in the price of soda, a complement to pizza. D) an increase in the number of teenagers, all of whom demand more pizza than do other age groups. E) new technology that increases the profit from producing pizza.