Nominal interest rates are considered to be ___ in the short-run model.
a. flexible
b. rigid
c. zero
d. set by the central bank
Ans: a. flexible
Economics
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Which of the following is NOT one of the reasons for declining union membership in the United States?
A) The economy has shifted away from manufacturing. B) The AFL-CIO merger and creation of the Change to Win Federation reduced competition among unions. C) Some industries have been deregulated. D) Labor force participation by women has increased.
Economics
Marketable equity securities should be valued at cost.
a. true b. false
Economics