The most desirable inflation rate is the rate that
A. Maximizes the "wealth effect" of inflation.
B. Has the least effect on the behavior of companies, investors, consumers, and workers.
C. Coincides with an unemployment rate of 0 percent.
D. Equals the official goal of 3 percent.
Answer: B
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When a real estate agent says the three most important factors when buying a property are "location, location, location," the agent is referring to one of the forms of _____.
(A) Oligopoly (B) Collusion (C) Nonprice competition (D) Monopolistic competition
Three of the four following questions are indicative of the three fundamental economic questions. Leaving out the irrelevant question, rearrange the three relevant questions in the order an economy must answer them. - How should hybrid cars be produced? - Should corn be produced in the North or in the South? - Who drives hybrid cars? - Should more hybrid cars and fewer SUVs be produced?
A. 1. Should more hybrid cars and fewer SUVs be produced? 2. Should corn be produced in the North or in the South? 3. How should hybrid cars be produced? B. 1. Who drives hybrid cars? 2. Should more hybrid cars and fewer SUVs be produced? 3. Should corn be produced in the North or in the South? C. 1. Should more hybrid cars and fewer SUVs be produced? 2. How should hybrid cars be produced/ 3. Who drives hybrid cars D. 1. How should hybrid cars be produced 2. Should more hybrid cars and fewer SUVs be produced? 3. Should corn be produced in the North or in the South?