A number whose movement reflects movement in the average level of prices is called
A. unemployment.
B. inflation.
C. a price index.
D. an unemployment rate.
Ans: C. a price index.
Economics
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One economic truism is that any nation's restriction of imports will ultimately lead to
A) an increase in exports. B) a reduction in exports. C) an economic upswing. D) an increase in GDP.
Economics
If a decrease in the price of a good causes a rightward shift of the demand curve for that good, then it is an inferior good
a. True b. False
Economics