A COLA automatically raises the wage when the CPI rises
a. True
b. False
Indicate whether the statement is true or false
True
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An increase in the price level causes an increase in money demand because
a. people need more money to purchase the same level of goods and services. b. changes in the price level have no effect on money demand. c. people have unlimited wants. d. people need less money to purchase the same level of goods and services.
How does the principal-agent problem extend to managers and employees?
What will be an ideal response?
A high current rate of inflation ________ those who have saved and ________ those who have borrowed
A) harms, helps B) harms, has no effect on C) helps, helps D) helps, has no effect on E) helps, harms
If a hurricane were to wipe out the majority of the eastern seaboard in the United States:
A. neither the short-run nor long-run aggregate supply curves would be affected. B. only the long-run aggregate supply curve would shift left. C. only the short-run aggregate supply curve would shift left. D. the long-run and short-run aggregate supply curves would both shift left.