Which of the following is true?
A) The real interest rate is always positive.
B) The nominal interest rate is usually negative.
C) The real interest rate can be negative.
D) The real interest rate can never be zero.
E) The nominal interest rate is usually less than the real interest rate.
C
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Karl Marx viewed socialism only as a transition to the ideal state of communism
a. True b. False Indicate whether the statement is true or false
If a firm’s marginal product of labor is currently 75 units of output, the wage is $15 per unit of labor, and output sells for $0.80 per unit, the firm should
a) shut down production b) hire fewer workers c) maintain its current workforce, but at fewer hours per worker d) keep the current number of employees and hours worked e) hire more labor
Paper money in the United States is issued by the
A. United States Mint. B. Federal Reserve Banks. C. United States Treasury. D. Federal Open Market Committee.
Pension plans can be thought of as the opposite of life insurance because life insurance:
A. pays off when you die while the pension plan pays off if you don't. B. costs far more than pension plans. C. pools the savings of many and pension plans do not. D. companies spread risk while pension plans are only spread within the company.