The willingness of consumers to buy a product at different prices is shown on a
A) demand curve. B) production possibilities frontier.
C) supply curve. D) marginal cost curve.
A
Economics
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If w is the growth rate of the nominal wage rate, p is the inflation rate as measured by the price deflator for total GDP, y is the growth rate for total domestic product, and n is the growth rate of labor, then the growth of real wage is ________
A) wp/n B) y - p C) w - p D) wn/p
Economics
The rise in agricultural discontent in the late 19th century can be best explained by
a. the rise of railroad cartels in the Midwest. b. the rise of global market forces not easily observed by the farmers. c. a decline in the value of agricultural exports from 1870 to 1900. d. predatory lending by banks, resulting in increased farm repossessions.
Economics