Consumer Reports magazine benefits consumers by
a. increasing the marginal benefit of information
b. reducing the marginal benefit of information
c. reducing the marginal cost of information
d. increasing the marginal cost of information
e. showing which products are in vogue
C
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One topic of study for a microeconomist would be the
A) causes of inflation. B) causes of a nation's unemployment level. C) effects of a gasoline price increase on consumer behavior. D) effects of an increase in government spending on overall economic activity.
Demand-side inflation is normally accompanied by
A. falling real GDP, while supply-side inflation may be accompanied by rising real GDP. B. falling real GDP; the same is true of supply-side inflation. C. rising real GDP, while supply-side inflation may be accompanied by falling real GDP. D. rising real GDP; the same is true of supply-side inflation.