Who would benefit from an increase in the Consumer Price Index (CPI)?
A. People on fixed incomes
B. Wage earners with no cost of living increases
C. People who owe other people money
D. People who save
C. People who owe other people money
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If the actual rate of unemployment is above the natural rate of unemployment, then ________.
A. structural unemployment is less than zero B. the economy is in an expansion C. the economy is in a recession D. frictional unemployment is less than zero
When banks gain ________, they can ________ their loans; and the money supply ________
A) withdrawals; increase; expands B) reserves; increase; expands C) withdrawals; decrease; expands D) reserves; increase; contracts
Briefly explain the major argument of the factor endowment trade theory
What will be an ideal response?
A nation can accelerate economic growth by increasing its production of consumer goods
a. True b. False Indicate whether the statement is true or false