In the U.S., the Revolutionary War (1775-1781) was immediately followed by an increase in:

a. trade.
b. inflation.
c. real per capita income.
d. slave imports.

b. inflation

Economics

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In a market-based economy, only the government can reduce economic uncertainty

Indicate whether the statement is true or false

Economics

For a monopolistically competitive firm

A) price equals marginal revenue at all levels of output. B) price is less than marginal revenue at all levels of output. C) price is greater than marginal revenue at all levels of output except for the first unit. D) the demand curve is perfectly inelastic and marginal revenue is zero.

Economics