Differentiate between the two types of altruism
What will be an ideal response?
There are two types of altruism—pure and impure. Pure altruism motivates charitable giving because individuals value helping others. Impure altruism motivates charitable giving because of selfish reasons, such as the appearance of generosity.
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When the price level in the United States rises, then net exports should
a. rise and equilibrium real GDP should increase. b. fall and equilibrium real GDP should increase. c. fall and equilibrium real GDP should decrease. d. rise and equilibrium real GDP should decrease.
Assume contracts between workers and employers that call for an increase in the wage rate of 5 percent are based on an expected inflation rate of 3 percent. Should inflation actually be 6 percent, then:
A. Nominal wages fall by 5 percent B. Real wages fall by 6 percent C. Nominal wages fall by 1 percent D. Real wages fall by 1 percent