Indentured servants were white colonists who sold themselves into slavery when their farms in America failed
Indicate whether the statement is true or false
False
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Which of the following is a reason for the existence of sticky wages?
A) Cutting wages during an economic downturn is illegal. B) Some wages are set by contract. C) Increasing wages means reduced profits during economic expansions. D) By law, if one worker's wages are changed, all workers' wages must be changed.
The existence of a kinked demand curve under oligopoly conditions may result in
a. volatile prices b. competitive pricing. c. prices above the monopoly price. d. an increase in the coefficient of variation of prices. e. stable prices
If nominal GDP is $8 trillion and real GDP is $10 trillion, then the GDP deflator is
a. 80, and this indicates that the price level has decreased by 20 percent since the base year. b. 80, and this indicates that the price level has increased by 80 percent since the base year. c. 125, and this indicates that the price level has increased by 25 percent since the base year. d. 125, and this indicates that the price level has increased by 125 percent since the base year.
Refer to the diagrams. The location of curve B depends on the:
A. level of real GDP.
B. location of curve A only.
C. interest rate only.
D. interest rate together with the location of curve A.