When the Consumer Price Index is overhauled, Social Security benefit payments will probably rise
A. more slowly.
B. faster.
C. at about the same rate.
A. more slowly.
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The principle of diminishing returns implies that as one input increases while the other inputs are held fixed, output
A) increases at an increasing rate. B) decreases at a decreasing rate. C) increases at a decreasing rate. D) decreases at an increasing rate.
During a recession, the percentage workers who are part time for economic reasons
A) increases more rapidly than the percentage of part-time workers. B) decreases more rapidly than the percentage of part-time workers. C) increases proportionately with the percentage of part-time workers. D) decreases proportionately to the percentage of part-time workers. E) does not change even though the percentage of part-time workers increases.
Speculators make their profits on
a. price differences in different time periods. b. price increases from inflation. c. avoiding double taxation of income. d. the difference in interest rates on stocks and bonds.
Because a decrease in the nominal interest rate reduces the opportunity costs of holding money, the money demand curve:
A. slopes upward. B. shifts to the right. C. slopes downward. D. shifts to the left.