The stored value of money over time should not change significantly as long as the level of inflation is
A) low. B) less than your pay increases.
C) high. D) adjusted by the government.
A
Economics
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If a monopoly wants to sell a greater quantity of output, it must
A) lower its price. B) raise its price. C) tell consumers to buy more because it's a monopolist. D) raise its marginal cost. E) change its fixed costs.
Economics
If the price of a good decreases from $9 to $6 and the quantity supplied decreases from 1,500 to 1,300, using the midpoint formula the elasticity of supply equals
A) 0.20. B) 2.80. C) 0.36. D) 0.40. E) 3.20.
Economics