Real wages will rise if
A) money supply growth is less than expectations.
B) real interest rates fall.
C) aggregate demand is less than aggregate supply.
D) money supply growth exceeds the inflation rate.
A
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Indicate whether the statement is true or false
Increased United States military expenditures and action in response to the terrorist attacks of September 11, 2001 suggest that military officials in the United States _____
a. could not wait to go to war b. view the War on Terror as a negative externality c. believe that military expenditures can act as a deterrent d. are incompetent
Which of the following companies was part of the original Dow Jones Industrial Average?
A) Chicago Gas Company B) National Lead Company C) General Motors Corp. D) AT&T Inc. E) a and b
What effect on the price of hiring a lawyer to draw up a will would the opportunity-cost theory predict as a consequence of legislation requiring the use of a lawyer in all real estate transactions?
A) A higher price as the market becomes flooded with lawyers. B) A higher price as lawyers find it costs them more to draw up wills C) No effect because prices are determined by demand, not by cost. D) A lower price as the market becomes flooded with lawyers E) A lower price as lawyers find they can now obtain their desired income level with lower fees