A characteristic of the inflation rate is that ________
A) it typically goes down in a boom
B) it typically goes up in a recession
C) it is a lagging indicator
D) all of the above
E) none of the above
C
Economics
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To analyze monopolistic competition in trade, we make several assumptions about the market. Which of the following is NOT an assumption of monopolistic competition?
a. many firms in the industry b. easy entry and exit c. constant long-run average cost d. increasing returns to scale, falling long-run average cost
Economics
A person's incentive to spend additional money on conspicuous consumption goods will be ________ to the amount and reliability of independent information that people have about his abilities.
A. inversely related B. equal C. positively related D. unrelated
Economics