A person can have a great deal of wealth but have very little income.
Answer the following statement true (T) or false (F)
True
An individual can have income that is relatively low but still have a very large share of assets. An example would be someone who received a large inheritance.
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When cost-push inflation starts, real GDP ________ and the price level ________
A) decreases; falls B) does not change; falls C) decreases; rises D) does not change; does not change E) increases; falls
A loss leader:
A. is a product that is sold at a price above its direct marginal cost to encourage sales of a complementary product. B. is a product that is sold at a price below its direct marginal cost to encourage sales of a substitutable good. C. is a product that is sold at a price below its direct marginal cost to encourage sales of a complementary good. D. is a product that is sold at a price below its direct marginal cost to encourage sales of a substitutable and complementary good.
The slope of a nonlinear curve is ________ when the curve is rising, and ________ when the curve is falling
A) negative, positive B) negative, negative C) positive, negative D) positive, positive
Discuss the roles that rising and falling interest rates play in causing shifts of the entire AD curve.
What will be an ideal response?