Which financial intermediary has been required by regulation to concentrate its lending in the mortgage market?

If workers received a 5 percent wage increase and the rate of inflation was 10 percent, then their real wage:

A. decreased. B. remained constant. C. increased. D. equaled the nominal wage.

Which of the following is true about an excise tariff?

A. Foreign firms' average cost curves are shifted down by the amount of the excise tariff. B. Domestic firms' average cost curves are shifted up by the amount of the excise tariff. C. Foreign firms' marginal cost curves are shifted up by the amount of the excise tariff. D. Domestic firms' marginal cost curves are shifted up by the amount of the excise tariff.