You're buying snacks for an Econ Club meeting. You've been given $100 to spend on chips and soda. If bags of chips cost $3 each and soda costs $1 each and you spend as much of your money as possible on chips, how many chips and sodas will you have for the meeting?

If a country experiences persistently low inflation, which of the following tends NOT to occur?

A) wage indexation will become less important B) nominal wages will be set for shorter periods of time C) the markup over labor costs will decrease D) all of the above

The flour used in the pizza you bought for dinner last night is considered a final good

a. True b. False Indicate whether the statement is true or false