A move from F to G represents
A. an increase in quantity demanded.
B. a decrease in quantity demanded.
C. an increase in demand.
D. a decrease in demand.
C. an increase in demand.
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Which of the following will be included in the calculation of GDP using the income-based method?
A) Export of food grains to foreign countries B) The value-added by a worker in the production of a good C) A health insurance provided to a worker by the employer D) Money paid to a pharmacist for medicines
If the money wage rate does not change, a decrease in the price level will ________ the real wage rate and ________ firms' profit
A) raise; increase B) lower; decrease C) lower; increase D) raise; decrease E) lower; not change
On the long-run Phillips curve, the unemployment rate
A) equals the natural unemployment rate, but the inflation rate can be any value. B) decreases when the inflation rate increases. C) equals the natural unemployment rate, and the inflation rate equals the expected inflation rate. D) can be any value, but the inflation rate equals the expected inflation rate. E) and inflation rate can take any value.
How is capital valued?
What will be an ideal response?