A rising inflation rate tends to help the following types of people:
A) retirees and students with savings accounts.
B) borrowers and homeowners without mortgages.
C) homeowners with mortgages and students with loans.
D) landowners and borrowers.
C
Economics
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Suppose that a "doggie day care" firm uses only two inputs: hourly workers (labor) and a building (capital). In the short run, the firm most likely considers
a. both labor and capital to be fixed. b. both labor and capital to be variable. c. labor to be variable and capital to be fixed. d. capital to be variable and labor to be fixed.
Economics
Which of the following does GDP omit?
A) Jack purchases $2,300 worth of stock in company X. B) Bob mows his lawn and washes and irons his shirts. C) Helen receives $4,000 a year in Social Security payments. D) a and b E) a, b, and c
Economics