If this year's price level exceeds last year's
A) the inflation rate between these years has been positive.
B) the inflation rate is accelerating.
C) deflation is occurring.
D) no relative price changes are occurring.
A
Economics
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The Coase theorem states that if transaction costs are low, the number of parties is small, and property rights are well established
A) the government must intervene to eliminate any externalities in the market. B) private transactions are efficient. C) there will be no pollution. D) Both answers B and C are correct.
Economics
A factor of production that is produced in order to produce something else is called:
A) money. B) labor. C) technology. D) capital.
Economics