The pricing system has a failure built into it when externalities exist
a. True
b. False
Indicate whether the statement is true or false
True
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The real wage equals the nominal wage ________ the CPI, all times 100
A) plus B) divided by C) minus D) times
The widespread availability of e-mail has likely increased the price elasticity of demand for the services of the U.S. Postal Service
a. True b. False Indicate whether the statement is true or false
During the financial crisis of 2007-2009 the interest rate spread on mortgage-backed securities over Treasury bills
a. increased tremendously. b. increased moderately. c. decreased moderately. d. decreased tremendously.
In the U.S. a candy bar costs $1 . If the nominal exchange rate were 6 Chinese yuan per dollar and the real exchange rate were 1.2, then, what would be the price of a candy bar in China?
a. 7.2 yuan b. 6 yuan c. 5 yuan d. 3.6 yuan