A breakdown of financial markets can result in
A) financial stability.
B) rapid economic growth.
C) political instability.
D) stable prices.
C
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If workers received a 5 percent wage increase and the rate of inflation was 10 percent, then their real wage:
A. decreased. B. remained constant. C. increased. D. equaled the nominal wage.
Unanticipated inflation benefits debtors at the expense of creditors.
Answer the following statement true (T) or false (F)
What is typically the main cost of pursuing a college education?
A) tuition B) room and board C) books and supplies D) income forgone by not working
Refer to the information provided in Figure 3.16 below to answer the question(s) that follow.
Figure 3.16Refer to Figure 3.16. When the economy moves from Point A to Point B, there has been
A. an increase in quantity demanded and an increase in quantity supplied. B. an increase in quantity demanded and an increase in supply. C. an increase in demand and an increase in quantity supplied. D. an increase in demand and an increase in supply.