The BLS obtains employment information from a monthly survey of a sample of approximately 60,000 households
Indicate whether the statement is true or false
TRUE
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Real interest rates at times have been negative. Why would anyone lending money agree to a negative real interest rate?
What will be an ideal response?
If an individual's budget constraint shifts, the individual's changes in consumption can be broken down into _____ and _____ effects
a. budget; consumption b. income; substitution c. utility; indifference d. wealth; savings
Asymmetric information represents a market situation in which
A) all parties to a transaction possess less than full information. B) one party in a transaction has more information than the other party. C) some information possessed by the parties in a transaction may be false. D) a zero-sum game exists.
Use the above table. At an income of $150
A. real saving is $20. B. real dissaving is $50. C. real dissaving is $10. D. real saving is $10.