In the United States between 1981 and 2012, the
A) nominal wage rate increased more than the real wage rate.
B) real wage rate increased more than the nominal wage rate.
C) nominal and real wage rates increased the same amount.
D) real and the nominal wage rates decreased the same amount.
E) nominal wage rate decreased and the real wage rate increased.
A
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Starting from long-run equilibrium, an increase in autonomous investment results in ________ output in the short run and ________ output in the long run.
A. lower; potential B. higher; higher C. lower; higher D. higher; potential
Paul wins a $500 watch in a sweepstakes and decides to keep it, even though he says he would have preferred to win $500 cash. Knowing Paul's preferences, how can we explain his decision to keep it?
A. Paul has a cognitive bias; he is ignoring a nonmonetary opportunity cost of already owning the watch. B. Paul has a cognitive bias, and it leads him to value the watch more because he owns it. C. Paul's implicit cost of ownership makes him feel as though he should keep the watch. D. All of these are true.
For every $100 in assets, a bank has $30 in interest-rate sensitive assets, and the other $70 in non-interest-rate sensitive assets. The same bank has $60 for every $100 in liabilities in interest-rate sensitive liabilities, the other $40 are in liabilities that are not interest-rate sensitive. If the interest rate on assets decreases from 6 to 5 percent, and the interest rate on liabilities decreases from 4 to 3 percent, the impact on the bank's profits per $100 of assets will be:
A. a reduction of $0.30. B. an increase of $0.30. C. zero since the interest rates on assets and liabilities fell by the same amount. D. a reduction of $3.00.
In 2002, the largest marital status category of white single parents was "never married."
Indicate whether the statement is true or false