Shoe-leather costs arise from inflation because the velocity of circulation of money ________ as the inflation rate ________
A) decreases; rises
B) increases; rises
C) does not change; rises
D) increases; falls
E) does not change; falls
B
Economics
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Refer to Figure 11-2. The curve labeled "F" is
A) the output supply curve. B) the total product curve. C) the marginal product curve. D) the average product curve.
Economics
Jorge is the proud owner of The Peppered Speakeasy. When the economy collapsed, he had to lay off 20 percent of his employees. They must look for new work and are considered
A. employed. B. unemployed. C. out of the labor force. D. unemployable.
Economics