What could be a reason for a rising inflation rate?
a. A decrease in government spending
b. A supply shock that shifts the aggregate supply curve downward
c. Unemployment below the natural rate
d. Growing consumer pessimism
e. A negative spending shock
C
Economics
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The standard method of determining fair market value is called the comparable sales method
Indicate whether the statement is true or false
Economics
In the case where cigarette firms conceal information about the negative externalities associated with cigarette smoking, the market is said to be characterized by
a. asymmetric information b. moral hazard c. social cost d. government failure e. greed
Economics