Inflation distorts savings when real interest income, rather than nominal interest income, is taxed

For a monopsonist, the marginal factor cost is always:

a. equal to the wage rate. b. less than the wage rate. c. greater than the wage rate d. the same as the labor supply. e. the same as the labor demand.

The compound growth rate formula is used to estimate how long it will take for a number to double for a given growth rate

a. True b. False Indicate whether the statement is true or false