Investment depends on the ________ interest rate because higher inflation will ________ the value of the dollars with which the firm will repay the loan.
A. real; increase
B. nominal; increase
C. real; decrease
D. nominal; decrease
Ans: C. real; decrease
Economics
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A specialized worker doesn't spend time switching from one task to another. This source of productivity increase is called
A) functionality. B) continuity. C) innovation. D) repetition.
Economics
In the permanent income hypothesis, income is divided into ________
A) current and future income B) future and transitory income C) transitory and permanent income D) permanent and current income
Economics
Refer to the above figure. Profits for this firm are
A) negative. B) zero. C) positive. D) undetermined without more information.
Economics
How much is autonomous consumption when disposable income is $1200 billion?
Economics