Income is the only factor used to measure a person's wealth.
A. True
B. False
C. Uncertain
B. False
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If the bank returns $1,060 on the $1,000 deposited for a year during which inflation was 4 percent, the real interest rate is
A) 2 percent. B) 6 percent. C) -2 percent. D) 16 percent. E) 10 percent.
When the price level rises as a result of a decrease in aggregate supply, it is called cost-push inflation
a. True b. False Indicate whether the statement is true or false
Which of the following statements is true about monopsony? a. Monopsonists face an upward-sloping supply curve of labor as long as unions control the supply curve of labor
b. Monopsonists can choose to hire any number of workers they wish. c. Monopsonists are also monopolists. d. Monopsonists will keep hiring until the worker's MRP = TLC. e. Monopsonists face a horizontal supply curve of labor as long as unions do not control the supply of labor.
Purchasers of corporate bonds lend money to a corporation
a. True b. False Indicate whether the statement is true or false