Which of the following is TRUE?
A) Real and nominal values are not related.
B) Real standards of living can increase without any positive economic growth.
C) Real standards of living decrease with positive economic growth.
D) Real growth rates fail to account for by price level changes.
B
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Consider the market for cable television, a natural monopoly, shown in the figure above. If the regulator imposes an average cost pricing rule, the firm provides service to
A) 3.5 million households. B) 6 million households. C) 10.5 million households. D) 12.5 million households.
During what period of time did the United States most consistently adhere to the gold standard?
A) from 1914 until 1929 B) from the eighteenth century until the nineteenth century C) from 1944 until 1980 D) from the nineteenth century until the 1930s
The short-run average total cost curve is U-shaped because average fixed costs ________ and average variable costs ________ eventually as quantity produced increases.
A. increase; increase B. increase; decrease C. decrease; increase D. decrease; decrease
The price of a stock is equal to the present value of expected future dividend payments from the stock
Indicate whether the statement is true or false