The real interest rate differs from the nominal rate in that ________
A) it more accurately represents the true cost of borrowing
B) it varies negatively with changes in the rate of inflation
C) it is the better indicator of credit market conditions
D) all of the above
E) none of the above
D
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Refer to Table 17-3. What is the amount of revenue added as a result of hiring the fourth worker?
A) $7,200 B) $1,200 C) 90 microwaves D) 15 microwaves
A shift in short-run aggregate supply from SRAS2 to SRAS1 could have been the result of
A. a decrease in the price level. B. an increase in the price level. C. an increase in wage rates. D. a decrease in wage rates.
Marginal social cost is made up of marginal private cost and external cost.
Answer the following statement true (T) or false (F)
In the long run (the HO model), immigration will lead to:
a. an increase in the price of both the laborintensive and the capitalintensive goods in the receiving country. b. an increase in the price of the laborintensive good and a decrease in the price of the capitalintensive good in the receiving country. c. a decrease in the price of both the laborintensive and the capitalintensive goods in the receiving country. d. no change in the price of either the laborintensive or the capitalintensive good in the receiving country