Your brother graduated from college 10 years ago and started to work at a salary of $20,000 . You expect to graduate this year and start to work for $35,000 . If the consumer price index was 80 ten years ago and is 120 this year, who will have received the higher real starting salary?
a. You will have.
b. Your brother did.
c. You and your brother both will have started at the same real salary level.
d. Not enough information is supplied to answer the question.
A
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The circular flow diagram shows only the aggregate expenditures measure of GDP
Indicate whether the statement is true or false
Limited liability rules:
A. mean that bankrupt companies owe nothing to corporate bondholders. B. discourage investment in corporate stock. C. help prevent corporate fraud. D. encourage stock investing by limiting shareholder risk of loss.
The Keynesian short-run aggregate supply curve
A) reflects the fact that real GDP is supply-determined. B) reflects the fact that real GDP does not vary with changes in aggregate demand. C) is vertical. D) is horizontal.
The amount the government budget deficit would be if the economy were at full employment is known as the
A) primary deficit. B) full-employment deficit. C) natural deficit. D) current deficit.