Through good economic years and bad, many European economies had unemployment rates hovering near _________ since the 1970s.

To compare the real price of gas in 1975 to the real price in 2013, we need to know

A) the two prices in both years and the inflation rate in 2013. B) just the two nominal prices in both years. C) the two prices in both years and the two interest rates in both years. D) the two prices in both years and the CPI in both years. E) the two prices in both years and the two inflation rates in both years.

Cynthia sells walnut cookies in a perfectly competitive market where the market price is $10 per cookie. Cynthia produces 500 cookies per month with a marginal cost of $5 per cookie, an average variable cost of $3 per cookie, and an average total cost of $7 per cookie. Cynthia is likely to: a. increase the production of cookies to maximize profit

b. decrease the production of cookies but stay open. c. continue to maintain current production levels to minimize her losses. d. shut down immediately to minimize her losses.