If the purchasing power of the dollar is falling, then it follows that:
A. The price index is falling
B. The price index is rising
C. Nominal incomes are falling
D. Interest rates are rising
B. The price index is rising
You might also like to view...
Mass production is possible only if there is also __________________________.
Fill in the blank(s) with the appropriate word(s).
The most common type of discount lending, ________ credit loans, are intended to help healthy banks with short-term liquidity problems that often result from temporary deposit outflows
A) secondary B) primary C) temporary D) seasonal
Why might a union find that attaining the goal of employing all its members and the goal of maximizing total union wage receipts to be incompatible objectives?
What will be an ideal response?
In which of the following ways is the private market sector similar to the public sector in terms of decision making?
A) Prices determine the demand for goods and services in each sector. B) There is competition for scarce resource in both sectors. C) Both sectors may use a type of "force" if necessary. D) Votes by individual voters are basically equal in importance with dollars spent by individuals on goods.