A parity ratio of 0.6 in year A means that prices:
A. Received in year A could buy 60 percent as much as prices received in the base period
B. Received in the base period could buy 60 percent as much as prices received in year A
C. Received in year A had risen by 60 percent over the prices received in the base period
D. Paid by farmers in year A had risen by 60 percent over the prices paid in the base period
A. Received in year A could buy 60 percent as much as prices received in the base period
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If the real interest rate
A) falls, there is a movement along the supply curve of loanable funds to a lower quantity of loanable funds . B) rises, the supply of loanable funds curve shifts leftward. C) rises, the supply of loanable funds curve shifts rightward. D) falls, there is a movement along the supply of loanable funds curve to a higher quantity of saving. E) falls, the supply of loanable funds curve shifts leftward.
The cost of an action is
A) indeterminate from a strictly economic point of view. B) the value of the next-best alternative opportunity sacrificed C) the cost to the consumer plus the cost to the producer. D) the number of consumers needed to set the price. E) measured only in money.