When product prices increase slower than nominal wages increase, the real value of wages decreases
Indicate whether the statement is true or false
FALSE
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Which of the following would NOT be an asset on a bank's balance sheet?
A) loans outstanding B) bank building C) cash in the vault D) transactions deposits
The unemployment rate will increase whenever there is a(n): a. increase in the number of unemployed persons. b. increase in the number of unemployed persons relative to the size of the labor force
c. increase in the size of the U.S. population but no change in the number of unemployed persons. d. increase in the size of the labor force. e. increase in the size of the U.S. population and a decrease in the number of unemployed persons.
Figure 4-15
Recycling of newspapers has been undermined by its success. The supply of old papers, gathered diligently by those concerned with the environment, has increased dramatically, as has the number of firms that convert the material into recycled newsprint. The quantity demanded has remained relatively stable despite falling prices because newspapers consider recycled newsprint an inferior substitute for regular newsprint. Consequently, the price of recycled newsprint has fallen below the cost of production; recycling firms are going out of business; mountains of old newspapers are left behind. Which graph in Figure 4-15 best illustrates this situation?
a.
1
b.
2
c.
3
d.
4
Medicare hip and knee bundled payments have been able to reduce costs by
A. negotiating lower fees for surgeons. B. eliminating discharge planning. C. reducing postsurgical rehabilitation costs. D. All of the above