Inflation is defined as a sustained increase in the price level.   is this true or false?

Q: The following two linear functions represent a market (thus one is a supply function, the other a de...

A: 1.) Market equilibrium price: Equate supply and demand function to get the value of market equilibri...

Q: what are the common features and peculiarities of " State regulation of “internal” and “external” se...

A: STEP 1The external sector is that portion of a nation economy that interacts with other nations’ eco...

Q: In the basic real business cycle model, where prices are fully flexible, shocks to the dynamic aggre...

A:  Real business cycle: Real business cycle refers to business cycle fluctuations to a large extent; t...

Q: 12. (Table: Labor Force Data) Using the data from the table Labor Force Data, suppose the labor fo...

A: Let us first define some concepts related to labor force participation rate.Labor force: In an econo...

Q: If one gas station reduces its prices, must other gas stations match the price reduction?  Why or wh...

A: Price reduction of gas station:If one gas station decreases its price, then the other gas station no...

Q: Determine whether each of the statements regarding the regulation of mergers in the United States is...

A: The Department of Justice and the Federal Trade Commission are responsible for approving mergers and...

Q: 1.  The fisher effect matters in terms of inflation given that A) borrowers agree to loan terms with...

A: The answer for question 1 is the option D. The famous economist “Irvin Fisher” gave a theory depicti...

Q: Unemployment and the Labor Force -Ask FRED REDYouth Unemployment Rate for the United States Vintage:...

A: a.Unemployment and labor force:From the given graph, the approximate youth unemployment rate in 2009...

Q: 11. Suppose Jacob and Julius are the only 2 consumers in a market. Jacob's demand curve for TVs is g...

A: From the equations in the question, we see that the demand of Jacod abd Julius is given.From the dia...