Why don't we see firms tie in the sales of fish filets with the sales of pencils?
A) because the demands for these two goods are positively correlated
B) because the demands for these two goods are negatively correlated
C) because the demands for these two goods are independent
D) It violates the Clean Food Act of 1908.
C
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In the above table, the inflation rate between 2014 and 2015 is approximately
A) 10 percent. B) 11 percent. C) 121 percent. D) None of the above answers is correct.
The table below shows data for India's economy. Real GDP is measured in millions of rupees. Suppose that full employment occurs when real GDP is 27,000 million rupees
Price level Real GDP supplied in the short run Real GDP demanded a 114 23,501 35,898 b 120 25,355 32,341 c 125 27,670 27,670 d 131 30,366 18,569 e 138 33,164 15,898 The economy is experiencing ________ gap and firms will ________. A) an inflationary gap; increase production B) an inflationary gap; increase money wages paid to workers C) a recessionary gap; increase production D) a recessionary gap; decrease money wages paid to workers