In the long run, an increase in the growth rate of the money supply leads to an increase in the real interest rate, but no change in the nominal interest rate
a. True
b. False
Indicate whether the statement is true or false
False
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Alex is hired as a sales agent and receives 10% commission on the sales price. The contract he signed is a
A) fixed-fee contract. B) hire contract. C) contingent contract. D) sharing contract.
When two goods are perfect complements, the indifference curves are
a. positively sloped. b. negatively sloped. c. straight lines. d. right angles.
If the quality of a good improves while its price remains the same, then the value of a dollar
a. rises and the cost of living increases. b. rises and the cost of living decreases. c. falls and the cost of living increases. d. falls and the cost of living decreases.
A tax credit is a credit on goods and services paid by one member of a corporate family to another.
a. true b. false