Four points on a demand schedule are given: $12, 2 units; $10, 1 unit; $15, 1.5 units; and $2, 4 units. Which combination is inconsistent with the law of demand?

A) $12 and 2 units
B) $10 and 1 unit
C) $15 and 1.5 units
D) $2 and 4 units

B

Economics

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If the natural rate of unemployment in a country is 6% and the unemployment rate in the country is 8%, the cyclical unemployment in the country must be:

A) 8%. B) 6%. C) 14%. D) 2%.

Economics

Since 1300, the inflation rate has been greater than 2 percent per year and reaching its highest peaks

A) primarily between 1700 and 1900. B) primarily after 1900. C) primarily between 1400 and 1500. D) primarily before 1400. E) primarily between 1500 and 1700.

Economics