All economic questions and problems arise from
A) turmoil in the stock market.
B) the difference between self-interest and social interest.
C) the fact that society has more than it needs.
D) a society's wants exceeding what its scarce resources can produce.
E) the unequal distribution of income.
D
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Sharisse brags to her mother that her starting salary as a management trainee is $36,000, much higher than her mother's starting salary of $21,000 as a management trainee several years ago
If the CPI the year Sharisse begins work is 181.2 and the CPI the year her mother started work was 109.1, Sharisse is A) wrong. Adjusting for price changes, her salary is less than her mother's salary. B) correct. Adjusting for quantity changes, her salary is more than her mother's salary. C) correct. Adjusting for price changes, her salary is more than her mother's salary. D) wrong. Adjusting for quantity changes, her salary is less than her mother's salary. E) maybe wrong and maybe right. Adjusting for quantity changes, her salary is less than her mother's salary but with the information given we are unable to further adjust for price changes.
The IS curve has a positive slope because a(n) __________ in the interest rate leads to a(n) __________ in desired investment and this leads to a decrease in GDP
A) increase; increase B) increase; decrease C) decrease; increase D) decrease; decrease
Flow variable measures the dollar amount of goods at a specific point in time.
a. true b. false
A person who is willing to bear more risk will buy
A) common stock. B) preferred stock. C) bonds. D) government bonds.