The purchasing power of money decreases as the:
A. production decreases.
B. price level increases.
C. employment increases.
D. demand increases.
Answer: B
Economics
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A firm's opportunity costs of production are equal to its implicit costs only
a. true b. false
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Which of the following changes would have the largest impact on the CPI?
A) a one percent increase in the cost of housing B) a one percent increase in the cost of transportation C) a one percent increase in the cost of medical care D) a one percent increase in the cost of education E) a one percent increase in the cost of apparel
Economics