The return on wealth (both human and nonhuman) is
A) a stock variable.
B) income.
C) measured in the form of bonds.
D) a stock or flow variable depending upon whether the wealth is in the form of bonds or other financial assets.
B
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Moody's gives junk bonds a rating below
A) Aaa. B) Aa. C) A. D) Baa.
This __________ declared that price discrimination is illegal especially when it decreases competition
a. Robinson-Patman Act b. Sherman Antitrust Act of 1890. c. Merger Act d. Federal Trade Commission Act.
To achieve a $500 billion increase in AD, if the MPC is 0.8, what increase in government purchases would be called for?
a. $625 billion b. $500 billion c. $400 billion d. $100 billion
Suppose workers agreed to an indexed contract that increased their nominal wage by 4 percent plus 25 percent of any increase in the Consumer Price Index (CPI). If the CPI increased by 8 percent, what would be the change in the real wage?
a. 4 percent b. -2 percent c. 0 percent d. -4 percent e. 2 percent