You are likely to think that the relative price of your good has risen and you should increase your output if you expected
A) the inflation rate to be 10% and the price of your good rose 7%.
B) the inflation rate to be 10% and the price of your good rose 10%.
C) the inflation rate to be 10% and the price of your good rose 13%.
D) the inflation rate to be 0% and the price of your good fell 10%.
C
Economics
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On the graph above, unplanned inventory investment occurs if the economy is moving from point ________ to point ________
A) D; C B) C; B C) B; A D) all of the above E) none of the above
Economics
Refer to the above figure. The figure represents the consumption function for a consumer. Point B represents
A) autonomous consumption. B) positive saving. C) negative saving. D) zero saving.
Economics