If the quantity of money demanded is greater than the quantity supplied, then the value of money rises
a. True
b. False
Indicate whether the statement is true or false
True
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Firms might vertically disintegrate when
A) it becomes more profitable for a firm to specialize. B) the IRS cracks down on transfer pricing. C) the industry becomes too large to support itself. D) the industry shrinks in size.
As the wage rate increases for computer programmers, the
a. supply curve for computer programmers will shift to the right b. supply curve for computer programmers will shift to the left c. demand curve for computer programmers will shift to the left d. minimum wage will fall in this labor market e. supply curves for workers in similar industries will shift to the left
An industrial union is
A) a union composed of public employees. B) a union composed of workers who are in a specific geographic area. C) a union composed of workers who are employed in a particular industry. D) a union composed of workers who engage in a particular trade or skill.
At the end of last year, the CPI equaled 120. At the end of this year, the CPI equals 132. What is the inflation rate over this year?
A) 6 percent B) 10 percent C) 12 percent D) None of the above answers are correct because more information is needed to calculate the inflation rate.