If your income and the price level both double, and you think you now have more real income, you are suffering from
A. injections.
B. money illusion.
C. diminishing marginal expectations.
D. leakages.
Answer: B
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How is a firm's vertical scope determined?
Basic principles that comprise good management include:
A. understanding incentives. B. identifying goals and constraints. C. recognizing the nature and importance of profits. D. All of the statements associated with this question are correct.
Suppose a union successfully negotiates for its members a wage rate that is above the competitive wage rate, then
A) there will be a surplus of jobs. B) antitrust laws become effective. C) there will be downward pressure on the wage rate until equilibrium is established. D) there will be an excess supply of labor.
Refer to the table. The inconsistency illustrated by the table is that, while a majority of voters prefer the:
A. highway to the lighthouse and the submarine to the highway, they also prefer the
lighthouse to the submarine.
B. lighthouse to the highway and the lighthouse to the submarine, they also prefer the
submarine to the highway.
C. highway to the lighthouse and the submarine to the lighthouse, they also prefer the
submarine to the highway.
D. lighthouse to the submarine and the highway to the submarine, they also prefer the
highway to the lighthouse.