Multiple Choice
Why is inflation considered a problem?
A) Firms gain too much economic power.
B) It is always very high when it exists.
C) People prefer falling prices.
D) It is costly for society.
E) Government gains too much economic power..
Correct Answer:
Verified
Correct Answer:
Verified
Q1: Classical economists believed that<br>A) the government should
Q2: The United States economy has achieved the
Q3: In mid-2009,the unemployment rate stood at<br>A) 25
Q5: Who was the economist that began modern
Q6: Recessions are identified by<br>A) severe and long-lasting
Q7: If a factory hires 1,000 new workers,the
Q8: Because it lowers the amount of output
Q9: The phase of the business cycle characterized
Q10: During the contraction phase of the business
Q11: "Output fell 2 percent last quarter" is