Which of the following is an example of a stock variable?
a. The amount of cereal in a person's pantry
b. The amount of cereal a person buys each week
c. The amount of cereal a child consumes each month
d. The amount of cereal produced each day
e. None of these are stock variables
A
Economics
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If the price of potatoes is reduced, consumers likely:
a. significantly more potatoes b. significantly fewer potatoes c. roughly the same quantity of potatoes d. an unknown quantity of potatoes; in this situation, consumers' actions cannot be predicted
Economics
If the CPI was 104 in 1967 and is 390 today, then $10 in 1967 purchased the same amount of goods and services as
a. $2.67 purchases today. b. $37.50 purchases today. c. $39.00 purchases today. d. $104.00 purchases today.
Economics