To measure the effect of debt in an economy, economists use a standard measure which involves the ________ relative to the GDP
A) stock of debt B) stock market activity
C) outstanding government bonds D) capital stock of equipment
A
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A perfectly competitive firm: a. cannot choose its own price. b. can increase the price of a good in order to increase its revenue
c. can decrease the price of a good in order to increase its share in the market. d. cannot choose to produce the quantity it wants.
People are likely to want to hold more money if the interest rate
a. increases making the opportunity cost of holding money rise. b. increases making the opportunity cost of holding money fall. c. decreases making the opportunity cost of holding money rise. d. decreases making the opportunity cost of holding money fall.
Which of the following groups is most hurt by unanticipated inflation?
A. Workers with cost of living adjustment clauses in their labor contracts. B. Social Security recipients. C. Workers who sign new work agreements every day. D. Wealthy people who hold much cash in their wall safes.
If MRP > P, a firm should use less of that input.
Answer the following statement true (T) or false (F)