A study that deals with the salaries of university professors would be considered:
A. economic naturalism
B. real economics
C. microeconomics
D. macroeconomics
Answer: C
You might also like to view...
In monopolistic competition, each firm supplies a ________ part of the total market output and its actions ________ the actions of the other firms
A) small; do not directly affect B) small; directly affect C) large; do not directly affect D) large; directly affect
If inflationary expectations on the part of the public increase, the trade-off between inflation and unemployment becomes worse
Indicate whether the statement is true or false
If two goods are often consumed together, they are
a. substitute goods b. inferior goods c. complementary goods d. normal goods e. unrelated goods
Consider the following equation: Log(yt)= 0.7 +1.2log(st)+0.3log(st-1)+0.2log(st-2)+0.1log(st-3) What is the percentage increase in y given a permanent 1% increase in s?
A. 1.2 B. 1.8 C. 2.5 D. 0.5