If real salaries decrease but nominal salaries do not, this means that:
A. the purchasing power of money has increased.
B. prices have not changed.
C. prices have risen.
D. prices have fallen.
Answer: C
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Differentiate between a pure strategy and a mixed strategy
What will be an ideal response?
Total utility
A. diminishes as the quantity consumed of a good increases. B. increases as long as more goods are acquired. C. increases as long as marginal utility increases. D. increases as long as marginal utility is positive. E. diminishes as consumption of some good rises.
An increase in investment causes the price level to ________ in the short run and ________ in the long run
A) decrease; increase B) increase; increase further C) increase; decrease D) decrease; decrease further
Banks that receive their charters from the federal government are called ________ banks.
Fill in the blank(s) with the appropriate word(s).