When the purchasing power of money is stable and predictable, this
What will be an ideal response?
facilitates gains from specialization, investment, and trade.
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A point on the supply curve can illustrate the
A) price and the corresponding quantity supplied. B) marginal cost of that unit of the good. C) price the consumer is willing to pay. D) Both answers A and B are correct. E) Both answers A and C are correct.
Assume that the yield on a security has two possible outcomes. There is a 60 percent chance it will yield 10 percent and a 40 percent chance it will yield 5 percent. The expected yield for this security is
A) 10.0 percent. B) 8.0 percent. C) 7.5 percent. D) 6.0 percent.
In the 1950s, about _________ of U.S. workers were in unions.
A. 1/3 B. 1/2 C. 1/4 D. 3/4
Saving divided by income equals the _______ rate.
A. interest B. income C. wealth D. saving