A real variable is
a. measured in terms of after-tax dollars
b. measured in terms of dollars and not foreign currency
c. measured in nominal terms
d. measured in terms of current dollars
e. measured in terms of purchasing power
E
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All of the following are sunk cost investments that precommit an incumbent to aggressively defend market share and the cash flow prior to threatened entry except
a. reputational investments in company logos (e.g., Beatrice) b. automobile showrooms c. retail displays which hold only L'eggs egg-shaped hosiery packages d. neon signage for an independently owned Krispy Kreme store e. excess capacity in a declining industry
The relationship between industrial capacity percentage and
a. the unemployment rate is indirect. b. the unemployment rate is direct. c. real GDP is indirect. d. nominal GDP is indirect.