During the Civil War, __________ fell in the North

a. nominal wages
b. real wages
c. prices
d. All of the above

b. real wages

Economics

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If a policy maker is convinced that time lags frequently negate the impact of short-run stabilization efforts, it is likely she would favor ________ policy making

A) nondiscretionary B) discretionary C) aggressive D) active

Economics

If two grade-school children willingly trade their lunches with one another, we can conclude that at least one of them preferred the other's lunch to his own

Indicate whether the statement is true or false

Economics