An example of an adverse inflation shock is:
A. a significant rise in oil prices.
B. an increase in government purchases.
C. an increase in interest rates.
D. a tax increase.
Answer: A
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A monopolist will hire an additional unit of labor as long as
A) the additional cost of the worker is outweighed by the additional revenues made from selling the output of theses workers. B) the marginal revenue curve is above the demand curve. C) the marginal revenue product is larger than the marginal factor cost. D) the marginal revenue product is less than the marginal factor cost.
An economic agreement between countries to allow free trade in goods, services, labor, and financial capital between members while having a common external trade policy is called:
a. an economic union. b. a common market. c. a trade forum. d. a free trade agreement.
John has financial assets totaling $1.5 million, and he plans to use these assets to start his own business. Since John owns these funds and will not need to borrow to start his business, these assets are considered human capital
a. True b. False Indicate whether the statement is true or false
Since the mid-1980s, what has happened to the debt-to-income ratio of American households?
What will be an ideal response?