The quantity of ________ by households will be less ________
A) saving; the higher is disposable income
B) saving; the lower is the real interest rate
C) consumption; the lower is the inflation rate
D) consumption; the higher is disposable income
B
Economics
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An increase in physical capital or a technological advance
A) raises the real wage rate. B) decreases the quantity of labor employed. C) shifts the production function downward. D) decreases demand for labor.
Economics
If the real exchange rate rises 2%, domestic inflation is 3%, and foreign inflation is 1%, what is the percent change in the nominal exchange rate?
A) 6% B) 4% C) 2% D) 0%
Economics