Tackle the Test: Multiple-Choice Questions

  1. Question

    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
    Which of the following is true regarding prices in an economy?
  2. Question

    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
    If your nominal wage doubles at the same time as prices double, your real wage will
  3. Question

    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
    If inflation causes people to frequently convert their dollars into other assets, the economy experiences what type of cost?
  4. Question

    JeUc4QE+p543/bAcsbpvp/FK7Nc5w1SKwu5fM4qUIPUjNBBTrb7wNDr7n9F23kH+Cz/3LR2hMGF72oa3UDxtXyJa3T7lF1O/PIS37WV2dzqOI++f6nPQOJH1DjVlGwoKa1PS54q3yIsBwIu5xg0sX5qUDuWwIQ0APA+emJeaNYzDxZr2eRFe7tWa+pFwF/eKBeDALkyIC0r3vfsVZ2AS1EBZrSyW9idhN3Qkrwv0kRmE+xFHxHHG/oA2GS5nO0vCg2k9fL49VpfwV7xy1Oic7bAcGzYn2AJqPKGLYCf928q7ljiPsIwcoHPZaEiqRVe4Dlg7o9UAsiULRJ2YpYsykecGWK3kBG79s+aBGPt8KV4sO1UgigJ5F1gFKnc++9QNgRGdTBp9fxj2uqBdwhPAwFwdmqBvbhc/D3aObbzwhBaAsaTYC+1p6QgigyI/xLADi+Qe4EySerxOo+CAqUEBe4X+JhRUMGsb4I17+/RPBx/zJtKKK8+mzHi3W9jqiRn5+YWeYIvQJ/0wmqlPWwqnvVEld630rP31mHF55Y/5fojZmb30vofQuFgeibHKSFd13BvPnbzYFPsUd5H/voCco3PwYJm0MIfDtqlr+NPAbQeO4zqDIp/RpydpuoruRQo/G/DyxEnw84QYH3QM6OT+pgE8OLIWu4N5reR3SrOSl5Pf8qLCwcHmV3ze+SYFGV4M8j4QKIl3xKEERXTpbAgIY/Kzdhieu2fbdlGr4Ol+5avFSRBisqfLX9oMkIK2D38LqmqiZAjTTtkjdv2573twlZI4dANopoLNnX24mW2gwfnJmzH6CEwZyN+vGb2xUwjnIAKOR2RI3SSRCQQpLxA4Mrb7PnPSkUGNDTLHFl/4FH9sew1/4E62RLzf3ssMC44Lgsy9bdLPJEni0aLAMG/hksY702Z87dJvQj4wx8h1/zDTPv4vaWPk3mlIr+vRsCTn/lby+9+oXuC+A2rCds+FQNWFqhVUIHR5XMPMS5Q7iiMSYl7HIHlcXp3d+K0D+A7yUuvWoajZSqzEBpHpjWV+UQ4aLZ22/XkbNW+bXZV9XFF8mJZaEbuq8MvdZo9TTsd9
    Because dollars are used as the basis for contracts, inflation leads to which type of cost?
  5. Question

    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
    Changing the listed price when inflation leads to a price increase is an example of which type of cost?