Menu costs refer to:
A. the money, time, and opportunity used to change prices to keep pace with inflation.
B. the time, money, and effort one has to spend managing cash in the face of inflation.
C. being penalized via taxes for making more money in dollars, even though real purchasing power hasn't changed.
D. labor costs associated with inflation.
A. the money, time, and opportunity used to change prices to keep pace with inflation.
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________ arises when one party to a contract changes behavior in response to that contract, passing the cost of that change in behavior to the other party.
A. Moral hazard B. Market signaling C. Logrolling D. Adverse selection
If the labor force is 50 million and 48 million are employed then the unemployment rate is
A. 2%. B. 4%. C. 5%. D. 52%.
Make use of the quantity equation to answer the following problem. If the Fed increases the money supply by 6%, economic growth is 2%, and inflation is 2%, what is happening to the velocity of money? Be specific
What will be an ideal response?
Economists define disposable income (Yd )
What will be an ideal response?