If your wages are indexed so that they automatically adjust for inflation, in a period of continued high inflation, the cost of the goods and services you buy ____ and your nominal income ____

The Equal Pay Act of 1963 says which of the following?

a. people working the same job at the same company must be paid the same amount b. people working the same job in the same industry must be paid the same amount c. people working in a company with the same education level must be paid the same amount d. people working in an industry with the same education level must be paid the same amount

If the Federal Reserve increases the legal reserve requirement, banks are not obliged to comply

Indicate whether the statement is true or false

According to Keynesians, an increase in production when the money supply is fixed will

a. increase the transactions demand for money and that will cause the velocity of money to increase b. increase the transactions demand for money and that will cause the velocity of money to decrease c. decrease the transactions demand for money and that will cause the velocity of money to increase d. decrease the transactions demand for money and that will cause the velocity of money to decrease e. increase the speculative demand for money and that will cause the velocity of money to increase

Life expectancy at birth for the world rose from 24 years to 26 years between 1000 and 1820, but by 2003, life expectancy had risen to

a. 36 years. b. 44 years. c. 52 years. d. 64 years.