The inflation-adjusted percentage change is the nominal percentage change plus the inflation rate.
Answer the following statement true (T) or false (F)
False
The inflation-adjusted percentage change is the nominal percentage change minus the inflation rate.
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The rule of equating marginal benefit with marginal cost is proper for economics, but it does not describe the way in which people make non-economic decisions
a. True b. False Indicate whether the statement is true or false
In 1914, Henry Ford began paying his workers $5 per day, about twice the going wage. As a result, turnover and absenteeism fell and productivity and profits rose
a. True b. False Indicate whether the statement is true or false
Which of the following best expresses the proceeds a lender receives from a one-year simple loan when the annual interest rate equals i?
A. FV/i B. PV/i C. PV(1 + i) D. PV + i
The perfectly competitive seller's short-run supply curve is
A) its entire marginal cost curve. B) its marginal revenue curve. C) the part of its marginal cost curve above the average variable cost curve. D) the part of its marginal cost curve above the average total cost curve.