Author Question: If the average price level in 1991 was 1.20 relative to the base year in 1986, then a dollar in 1991 ... (Read 279 times)

ec501234

  • Hero Member
  • *****
  • Posts: 573
If the average price level in 1991 was 1.20 relative to the base year in 1986, then a dollar in 1991 bought 20 percent more goods and services than a dollar in 1986.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

Which of the following statements most likely lies within the realm of microeconomics?
 a. Unemployment rises during a recession and falls during an expansion.
 b. A rapid acceleration of the supply of money may create inflation.
 c. An increase in government spending will increase the aggregate demand for goods and services in the economy.
  d. An increase in labor costs will increase the additional cost of producing another airplane.



triiciiaa

  • Sr. Member
  • ****
  • Posts: 349
Answer to Question 1

False

Answer to Question 2

d



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

After 5 years of being diagnosed with rheumatoid arthritis, one every three patients will no longer be able to work.

Did you know?

Looking at the sun may not only cause headache and distort your vision temporarily, but it can also cause permanent eye damage. Any exposure to sunlight adds to the cumulative effects of ultraviolet (UV) radiation on your eyes. UV exposure has been linked to eye disorders such as macular degeneration, solar retinitis, and corneal dystrophies.

Did you know?

Signs and symptoms of a drug overdose include losing consciousness, fever or sweating, breathing problems, abnormal pulse, and changes in skin color.

Did you know?

The first documented use of surgical anesthesia in the United States was in Connecticut in 1844.

Did you know?

Although puberty usually occurs in the early teenage years, the world's youngest parents were two Chinese children who had their first baby when they were 8 and 9 years of age.

For a complete list of videos, visit our video library