Who almost always wins the "two-level game"?
a. international partners
b. politicians
c. domestic constituents
d. manufacturers
c. domestic constituents
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Refer to the table above. What is the market supply of labor per week when the wage rate is $50?
A) 12 hours B) 30 hours C) 50 hours D) 71 hours
If a particular measure of real GDP consistently underestimates growth in real GDP, then the rate of inflation as measured by the GDP deflator
A) will be biased upward. B) will be biased downward. C) will be unbiased. D) cannot be calculated.
It required less labor time to buy a college education in 1995 than it did in 1965.
Answer the following statement true (T) or false (F)
In calculating the current yield for a bond the:
A. present value of the capital gain/loss is ignored. B. coupon payment and purchase price is all that is needed. C. present value of the coupon payments is the only important consideration. D. present value of the final payment is the only important consideration.