A reduction in the rate of inflation is called:
A. deflation.
B. disinflation.
C. hyperinflation.
D. cost-push inflation.
Answer: B
Economics
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Health care costs rose more than 10 percent in 2011, according to a survey of insurers by Aon Consulting Worldwide. If the increase in costs solely comes from increased prices for MRI and X-ray machines, then for the health care industry
A) fixed costs are increasing. B) long run average total cost is decreasing. C) productivity is increasing. D) variable costs are increasing.
Economics
How does the long-run supply curve differ from the short-run supply curve for a perfectly competitive firm? Explain your answer
What will be an ideal response?
Economics