During the Great Depression:
A. overall GDP rose.
B. investment increased, but consumption decreased.
C. both consumption and investment decreased.
D. investment fell, but consumption increased.
C. both consumption and investment decreased.
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What will happen to the demand curve for workers in cotton farms if the price of cotton falls, assuming all else equal?
A) There will be a downward movement along the demand curve for these workers. B) There will be a leftward shift in the demand curve for these workers. C) There will be an upward movement along the demand curve for these workers. D) There will be a rightward shift in the demand curve for these workers.
If inflation is eight percent, a nominal interest rate of six percent translates into a real interest rate of two percent
Indicate whether the statement is true or false