(Consider This) The idea that the price level readily moves upward but not downward is called the:

Refer to the scenario above. If the best response of one bidder is to place a bid of $9,000, what is her maximum willingness to pay for the necklace?

A) $10,000 B) $9,000 C) $4,500 D) $18,000

The rapid productivity growth experienced in 1995-2012:

A.  Is believed by most economists to be a permanent shift in the economy B.  Is still debated among many economists as to whether it represents a permanent shift in the economy C.  Suggests that prospects for lasting increases in productivity growth are rather poor D.  Suggests that productivity growth can occur without raising the nation's standard of living