Which of the following would impose the greatest costs to society?
a. high levels of expected inflation
b. low levels of expected inflation
c. variable rates of inflation
d. stable rates of inflation
c
Economics
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In perfect competition, an individual firm
A) faces unitary elasticity of demand. B) has a price elasticity of supply equal to one. C) faces a perfectly elastic demand. D) has perfectly elastic supply.
Economics
Albro Martin (1971) argues that the Interstate Commerce Commission (1887–1995) was
(a) never a case of "capture." (b) "captured" by the railroads themselves. (c) "captured" by the customers of the railroads. (d) too ineffective to warrant "capture" by anyone.
Economics