If the prices of computer tablets rise, we would expect the number of tablet covers purchased to
A) increase.
B) decrease.
C) be equal to ten.
D) be equal to one.
Answer: B
Economics
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When inflation is high and unexpected,
A) borrowers of money lose and lenders win. B) borrowers of money win and lenders lose. C) both borrowers and lenders of money win. D) both borrowers and lenders of money lose.
Economics
During last year, a country produced 20,000 pizzas and 10,000 hamburgers and nothing else. The pizzas sold for $10.00 each and the hamburgers for $3.00 each. Nominal GDP was
A) $230,000. B) $70,000. C) $460,000. D) $390,000. E) $360,000.
Economics