Assume the inflation rate falls from 4 percent to 2 percent. This means that
A) the price level has fallen.
B) the price level is increasing more slowly.
C) the economy is experiencing deflation.
D) real GDP is decreasing.
B
Economics
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The product diversity resulting from monopolistic competition comes at the expense of having:
a. firms that will earn positive profits. b. firms that are too small to maximize profit. c. higher profit than would prevail under perfect competition. d. efficiency in the long run
Economics
Economics is
a. a discipline in the physical sciences b. a field that deals exclusively with normative issues c. a field that deals exclusively with positive issues d. only useful for examining behavior in capitalist economies e. a discipline that focuses on how choices are made in society
Economics