The curve in the above graph:
A. can only be a perfectly inelastic demand curve.
B. can only be a perfectly inelastic supply curve.
C. may be either a perfectly inelastic demand curve or a perfectly inelastic supply curve.
D. can be neither a perfectly inelastic demand curve nor a perfectly inelastic supply curve.
C. may be either a perfectly inelastic demand curve or a perfectly inelastic supply curve.
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If you negotiated a salary based on an anticipated inflation rate of 4 percent, and the actual inflation rate turned out to be 6 percent
A) your employer would have gained at your expense. B) your real wage will increase, but your nominal wage will decrease. C) the purchasing power of your wages will not change, since purchasing power is based on your nominal wage. D) the purchasing power of your real wages would be more than you anticipated.
The purchase of foreign stocks and bonds by a U.S. brokerage firm is an example of capital inflows to the United States
Indicate whether the statement is true or false