The self-correcting tendency of the economy means that falling inflation eventually eliminates:

A. exogenous spending.
B. recessionary gaps.
C. expansionary gaps.
D. unemployment.

Answer: B

Economics

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An increase in the price of milk causes a decrease in the demand for cereal. The two products are

a. demand sensitive b. substitutes c. demand inelastic d. complements

Economics

Refer to Figure 15-6. The monopolist's total revenue is

A) $1,116. B) $1,488. C) $1,726.40 D) $1,826.

Economics