New discoveries of lead, zinc, and copper will reduce prices.
Answer the following statement true (T) or false (F)
True
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Why is a dollar today more valuable than a dollar a year from now?
A) The unknown future is riskier than the known present. B) The dollar today can be immediately used to buy something. C) A dollar a year from now will likely have less purchasing power because of inflation. D) all of the above
Excess capacity occurs in long-run equilibrium under monopolistic competition so that: a. price is less than marginal cost
b. price exceeds minimum average cost. c. marginal revenue exceeds price. d. all of the above occur.
The presence of excess reserves does not change how much money the banking system actually creates
Indicate whether the statement is true or false
Average real wages have not risen significantly since approximately 1973
a. True b. False Indicate whether the statement is true or false