Which of the following tend to be at a disadvantage in periods of rising prices?
a. debtors.
b. people with fixed incomes.
c. salespeople whose commissions are very susceptible to price changes.
d. All of these.
b. people with fixed incomes.
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Which of the following policies would NOT affect the natural unemployment rate?
A) a reduction in minimum wages B) an increase in public-service employment C) an increase in subsidized private employment D) a reduction sales taxes
Line item budgets _____
a. do not provide any insight into the effectiveness of expenditures b. are good for evaluating the effectiveness of programs c. allow expenditures to change gradually over time d. give insight into overall trends in agency expenditures
A U-shaped long-run average cost curve indicates that
A) economies of scale follow diseconomies of scale. B) diseconomies of scale follow economies of scale C) economies of scale and economies of scope are the same. D) economies of scale dominate diseconomies of scale over all levels of production.
The primary functions of money are
a. velocity, liquidity, and transactions b. speculative demand, measure of value, and precautionary demand c. a medium of exchange, a measure of value, and a store of value d. a store of value, heterogeneity, and a medium of exchange e. currency value, fiat value, and accepted value