To combat inflation, Congress and the president should
A) increase transfer payments. B) decrease taxes.
C) decrease government spending. D) raise interest rates.
C
Economics
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Suppose the quantity of gasoline is measured in gallons and the price of gasoline is measured in dollars. The price elasticity of demand is 0.67
If the price of gasoline was now measured in cents rather than dollars, the price elasticity of demand would now be A) 0.0067. B) 0.67. C) 6.7. D) 67.0.
Economics
(Last Word) Following the Great Recession that ended mid-2009, by December 2012:
A. employment had reached prerecession levels. B. employment was still 3.4 million below prerecession levels. C. the unemployment rate was still around 10 percent. D. unemployment had fallen below its lowest prerecession rate.
Economics