If a curve falls and then rises, it

A) has a maximum.
B) has a minimum.
C) has a linear relationshi


B

Economics

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Raghib teaches mathematics at Camford University and receives $40,000 per year. His spouse, Noraini, works as a self-employed computer programmer and charges $40 per hour. Which of the following is true?

a. Raghib's income is personal interest; Noraini's is wages b. Raghib's income is a salary; Noraini's is personal interest c. Both Raghib and Noraini receive proprietor's income d. Both Raghib and Noraini receive wage or salary income e. Raghib's income is a salary, and Noraini's income is a proprietor's income

Economics

Government regulations have little effect on the strategic decision of a business

Indicate whether the statement is true or false

Economics

________ recessions pose major macropolicy dilemmas.

Fill in the blank(s) with the appropriate word(s).

Economics

We translate nominal income in any past year into constant, real dollars to:

A. understand what a salary in the past would equal in current dollars to determine how much more we have actually gained in purchasing power. B. see what an income we were earning in the past would be equivalent to today. C. allow us to compare changes in purchasing power over time. D. All of these statements are true.

Economics