For a household, the opportunity cost of not working is the
A) price level.
B) nominal wage rate.
C) demand for labor.
D) cost of living.
E) real wage rate.
E
Economics
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The self-correcting tendency of the economy means that rising inflation eventually eliminates:
A. unemployment. B. exogenous spending. C. recessionary gaps. D. expansionary gaps.
Economics
Natural monopolies are of theoretical, but not practical interest.
Answer the following statement true (T) or false (F)
Economics
As the number of concrete workers in the United States falls, the wage paid to the remaining concrete workers will necessarily fall as well
a. True b. False Indicate whether the statement is true or false
Economics
Fiscal policy used to close a recessionary gap is known as _____
Fill in the blank(s) with the appropriate word(s).
Economics