The term that refers to the price level rising at a low rate is

a. hidden inflation
b. creeping inflation
c. repressed inflation
d. disinflation
e. deflation

B

Economics

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The accountant for Muzhi's Sushi claims that Muzhi has accomplished "technological efficiency." This means that Muzhi's Sushi

A) produces a given output using the least inputs. B) produces a given output at the lowest cost. C) has an economic profit greater than a normal profit. D) has a normal profit greater than an economic profit.

Economics

Following the war-time prosperity for capital and the rich during World War I (1914–18), income distribution trended towards greater equality when peace came and market forces replaced the economy's wartime concerns in determining income

distribution. Indicate whether the statement is true or false

Economics