Inflation is a problem when
A) it is unpredictable.
B) it causes the value of money to vary unpredictably.
C) it causes resources to be diverted from productive uses.
D) All of the above answers are correct.
D
Economics
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The recession of 1990-1992 ________ the trend set over 1965-1990 of ________ unemployment rates at each successive cyclical trough
A) continued, lower B) continued, higher C) broke, lower D) broke, higher
Economics
If an increase in the price of a product from $1 to $2 per unit leads to a decrease in the quantity demanded from 100 to 80 units, then the value of price elasticity of demand is
a. elastic b. inelastic c. unit elastic d. suggestive of an inferior good e. equal to -20
Economics