Refer to Table 9-16. Looking at the table above, real wages ________ from 2014 to 2015, and real wages ________ from 2015 to 2016
A) fell; fell B) fell; rose C) rose; fell D) rose; rose
B
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Why might an amusement park switch from charging admission to the park and charging for the rides to charging for admission but not charging for the rides?
What will be an ideal response?
If the inverse demand function for a monopoly's product is p = 100 - 2Q, then the firm's marginal revenue function is
A) -2. B) 100 - 4Q. C) 200 - 4Q. D) 200 - 2Q.
Stimulus spending in 2009 was used for
a. building roads and bridges. b. providing aid to local and state governments. c. making payments to the unemployed. d. All of the above are correct.
If you earn and spend $2,000 per month and maintain an average cash balance of $500 per month, your velocity of money is
A) $1,250. B) 2. C) 4. D) $1,500.