Assume that a firm has $100 million in real assets and $90 in real liabilities. If the price level falls by ten percent, the real value of liabilities would ________
A) fall to $81 million
B) change, but more information must be provided to determine the exact movement
C) remain unchanged
D) rise to $99 million
D
Economics
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Each member of OPEC can increase its income by selling more oil than its output quota because
A) the demand for oil is perfectly elastic. B) by selling more at OPEC's cartel price, a member will automatically earn more income. C) each member's demand is more elastic than the total demand for oil. D) the demand for oil is inelastic so total revenue increases.
Economics
The part of corporate profits that is paid to the shareholders of a corporation is
A) retained earnings. B) shareholders. C) dividends. D) business revenue.
Economics