If households have information that monetary policy is likely to change in the future, that information will play a role in forming ________

Which case represents the largest increase in the real national debt?

a. The price level increases by 500 percent and nominal debt increases by 500 percent. b. The price level increases by 200 percent and nominal debt increases by 600 percent. c. The price level decreases by 50 percent and nominal debt increases by 300 percent. d. The price level increases by 400 percent and nominal debt increases by 200 percent. e. The price level decreases by 90 percent and nominal debt increases by 200 percent.

If wages for accountants rose, then accountants' leisure time would have a lower opportunity cost

a. True b. False Indicate whether the statement is true or false