During periods of high inflation, which of the following is likely to occur?

  Which panel illustrates an increase in supply?

   In the market for hamburgers, the equilibrium price (P*) and quantity (Q*) would be:

The Production Possibilities Curve (PPC) illustrates:

Here are three DIFFERENT things you could do if you don’t go with friends to the beach this weekend: go rock climbing at the gym (you value this activity at $70), work on the term paper for your history class (you value this activity at $30), or work two extra shifts at your job (you could earn $50 this weekend). The opportunity cost of going to the beach with your friends this weekend is:

Market for new homes: Suppose construction workers lobby for and receive an increase in their wage rates and more generous fringe benefit packages, which makes it more costly for construction companies to employ these labor services. This event will cause:

Which of the following is NOT generally viewed as an appropriate economic role for America’s federal government?

Economic growth is caused by:

Assume the CPI increases from 100 to 120 and a person’s Nominal Income increases from $40,000 to $42,000 over the same period. This person’s Real Income has:

Statement 1: Most economies on the planet today are organized as free market economies.Statement 2: Both the United States and China are examples of mixed economies.