A person with no competitive ideas can earn above market average returns at low risk by investing in a diversified portfolio of stocks
Indicate whether the statement is true or false
F
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In 2008, the nominal minimum wage rate was $7.25 an hour and the CPI was 200. The real minimum wage rate in 2008 was
A) $3.63 an hour. B) $14.50 an hour. C) $1450 an hour. D) $26.32 an hour. E) $7.25 an hour.
What is true about dominant strategies in the game in Scenario 13.9?
A) "Pollute" is a dominant strategy for both firms. B) "Pollute" is a dominant strategy for Lago only. C) "Don't Pollute" is a dominant strategy for both firms. D) "Don't Pollute" is a dominant strategy for Lago only. E) There are no dominant strategies.
Economists usually use the term "recession" to refer to:
a. any slowdown in the growth of real GDP. b. zero real GDP growth. c. two or more consecutive quarters of declining real GDP. d. a reduction in nominal GDP lasting more than six months.
Monetary policy:
a) Shifts the aggregate supply curve. b) Is controlled by Congress. c) Is controlled by the Federal Reserve. d) Refers to the use of government spending.