The main reason for the decline in real wages in the 1970s and 1980s was our __________.
Fill in the blank(s) with the appropriate word(s).
low rate of productivity growth
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A legal claim against a firm that usually entitles the owner of the claim to receive a fixed annual coupon payment, plus a lump-sum payment at some future date, is known as
A) a bond. B) a share of common stock. C) a share of preferred stock. D) a reinvestment coupon.
Refer to the scenario above. If Maria's opportunity cost of time increases to $80 per hour, the cost involved in taking the train is:
A) $320. B) $720. C) $800. D) $970.
Interventionist economists
a. often advocate less interference in the private sector b. believe the economy should be left alone c. rely exclusively on peoples' expectations of future growth to bring the economy to long-run equilibrium d. advocate that government and the Fed correct what they believe ails the economy e. believe that the Federal Reserve should either remain independent or be eliminated
The combination of inflation and real growth shown by the AD curve give:
A. the same level of inflation. B. the same level of money supply growth. C. the same level of real GDP growth. D. the same level of nominal GDP growth.