Living wage laws have been instituted at the state level and affect a large number of jobs
Indicate whether the statement is true or false
F
Economics
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A fixed or rigid price level implies
A) that income is fixed. B) real GDP is greater than nominal GDP. C) nominal GDP is less than real GDP. D) real GDP equals nominal GDP.
Economics
Implicit costs are best thought of as:
a. variable costs. b. marginal costs. c. accounting costs. d. opportunity costs. e. sunk costs.
Economics
The gross domestic product measures the value of all final goods and services produced by resources owned by a nation
a. True b. False Indicate whether the statement is true or false
Economics
If Sally Smith creates VCU1 by playing an online game, the effect is to cause the nation's:
a. M2 money supply to remain the same. b. M2 money supply to rise. c. M2 money multiplier to rise. d. Monetary base to fall.
Economics