When Social Security checks were first issued the nominal amount:
A. stayed the same for the life of the payments.
B. regularly increased by 5 % every 3 months.
C. regularly increased by 10 % every 3 years.
D. stayed 3% above the poverty level for all recipients.
A. stayed the same for the life of the payments.
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Inventories are counted as investment because inventories are a source of future sales.
Indicate whether the statement is true or false.
If the average productivity of Indian firms is rising more quickly than the average productivity of American firms, which of the following would you expect to see? (India's currency is the rupee.)
A) an increase in the prices of Indian products B) a decrease in the value of the rupee relative to the dollar C) an increase in the quantity demanded of Indian products relative to American products D) All of the above are correct.