Answer the following questions true (T) or false (F)
1. Equity equals liabilities minus assets.
2. The debt-to-asset ratio for the farm sector is in the order of 20 percent.
3. Indifference curves may intersect.
1. FALSE
2. FALSE
3. FALSE
You might also like to view...
Contractionary monetary policy to prevent real GDP from rising above potential real GDP would cause the inflation rate to be ________ and real GDP to be ________
A) higher; higher B) higher; lower C) lower; lower D) lower; higher
Suppose a worker signs a contract containing an 8 percent nominal wage increase with inflation expected to be 3 percent. Inflation turns out to be 6 percent, but the contract also contains 60 percent COLA protection
The worker's real wage under the contract A) falls by 1.2 percent. B) falls by 2.4 percent. C) rises by 3.8 percent. D) rises by 3.0 percent. E) rises by 1.8 percent.