Inflation can best be defined as

Positive economics deals with

In the short run, a competitive firm may choose to operate at a loss

Which of the following best defines the concept of the “loanable funds market”? 

Despite the gain from higher profits, firms are not always able to price discriminate because

How does the marginal propensity to consume (MPC) affect the overall level of consumption in the economy?

A man is fired from his job because he was late for work too many times. While he is searching for another job he would be classified as

Why do economists prefer to compare Real GDP figures for various years instead of GDP figures?

Foods that can be grown in an area and are the major food supply are called

As of 2002, juveniles were involved in approximately 8% of all