Suppose the price of a movie falls from $9 to $7. Using the midpoint method, what is the percentage change in price?

When the United States was under the gold standard, recessions were ________ and long-term inflation was ________

A) more frequent; virtually nonexistent B) less frequent; virtually nonexistent C) more frequent; prevalent D) less frequent; prevalent

Which of the following is TRUE regarding marginal benefit? I) The marginal benefit curve shows the benefit firms receive by producing another unit of a good. II) Marginal benefit increases as more of a good is consumed

A) I and II B) I only C) II only D) neither I nor II