In the classical view, flexible wage rates would assure

A. low inflation.
B. high secular inflation rates.
C. high rates of unemployment.
D. full employment.


Answer: D

Economics

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Fortunade Corporation stock has a price of $100 per share, a dividend of $1.60 per share, and retained earnings of $2.00 per share. The dividend yield on this stock is

a. 2.8 percent. b. 2.0 percent. c. 1.6 percent. d. 0.4 percent.

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Employing all its available resources nation Alpha can produce either 800 units of chemicals or 1,600 units of clothing. Nation Beta can produce either 200 units of chemicals or 800 units of clothing. Which of the following statements is true?

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In the expanded circular flow diagram, the rest of the world interacts directly with:

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Economics