A person’s portfolio of investments is the bundle of all the stocks, bonds, and other assets the person owns.
Answer the following statement true (T) or false (F)
True
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The data in the above table show that when the price level is 120, if aggregate demand does not change then the
A) money wage rate will rise in the future. B) money wage rate will fall in the future. C) short-run aggregate supply curve will shift leftward. D) long-run aggregate supply curve will shift leftward.
Because ________ in the government budget deficit increase the real interest rate, budget deficits can ________ firm investment
A) decreases; increase B) increases; decrease C) decreases; decrease D) increases; increase
The Condorcet paradox shows that there is no scheme for aggregating individual preferences into a valid set of social preferences
a. True b. False Indicate whether the statement is true or false
A higher wage raises a worker's income, increasing the demand for all ________ goods, including leisure, so the quantity of labor supplied to market work decreases
a. inferior b. substitute c. normal d. complementary