If real salaries decrease but nominal salaries do not, this means that
A) prices have risen. B) prices have fallen.
C) prices have not changed. D) the purchasing power of money has increased.
A
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Money spent on the purchase of a newly constructed house is included in GDP as a part of ________.
A. household expenditures on durable goods B. personal saving C. gross domestic private investment D. personal consumption expenditures
Compared to other countries, the U.S. government is very concerned with intellectual property rights. This can explain, in part, the success of its software, computer and other electronic industries
Indicate whether the statement is true or false
Assume that the expectation of declining housing prices cause households to reduce their demand for new houses and the financing that accompanies it. If the nation has low mobility international capital markets and a flexible exchange rate system, what happens to the real GDP and reserve-related (central bank) transactions in the context of the Three-Sector-Model?
a. Real GDP falls, and reserve-related (central bank) transactions remain the same. b. Real GDP and reserve-related (central bank) transactions remain the same. c. Real GDP rises, and reserve-related (central bank) transactions remain the same. d. There is not enough information to determine what happens to these two macroeconomic variables.
In bilateral monopoly, price and output are determined by the intersection of demand and supply curves.
Answer the following statement true (T) or false (F)