If wages rise by 12 percent at the same time prices rise by 3 percent, then the increase in real wages is equal to
A. 12 percent.
B. 9 percent.
C. 6 percent.
D. 3 percent.
Answer: B
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When the central bank sells $1,000,000 worth of government bonds to the public, the money supply:
A. increases by $1,000,000. B. decreases by $1,000,000. C. decreases by more than $1,000,000. D. decreases by less than $1,000,000.
Epsilon is a country whose unit of currency is the omega. New information leads people to expect that the omega will appreciate next year
To keep the foreign exchange value of the omega fairly steady, the Bank of Epsilon will ________ enough omegas on the foreign exchange market so that the ________ omegas will ________. A) buy; demand for; increase B) sell; supply of; increase C) buy; demand for; decrease D) buy; supply of; decrease
Export tariffs are generally supported by business interests
Indicate whether the statement is true or false
Which of the following is LEAST likely characterized by mixed strategies?
A) the choice of whether to go to war or not B) the choice of which pitch to throw in baseball C) the choice of which play to run in football D) the choice of where to kick a soccer penalty shot