In a free market there are virtually no restrictions, or at best few restrictions, on how a good or service can be produced or sold
Indicate whether the statement is true or false
TRUE
Economics
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The nominal interest rate cannot fall below
A) the real interest rate. B) the rate of growth in the money stock. C) 2%. D) zero.
Economics
The largest item in the government's poverty program is
a. cash aid b. medical benefits c. food stamps d. housing benefits e. jobs and training programs
Economics
Economic models
a. may be insufficient to make numerical predictions. b. may have untestable conclusions. c. both of these are true. d. neither of these are true.
Economics
A rise in the interest rate will generally result in people consuming less when they are old if the substitution effect outweighs the income effect
a. True b. False Indicate whether the statement is true or false
Economics