If the market prices of publicly traded stocks and bonds rise, while the productive capacity of those assets has not increased, which of the following has occurred?
A. Nominal wealth has increased.
B. Nominal wealth has increased, but real wealth has decreased.
C. Real wealth has increased.
D. Tangible wealth must have declined in value.
Answer: A
Economics
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The figure above shows the demand for and supply of rental housing in Smallton. If a rent ceiling is set at $800, what is the rent?
A) $800 B) $600 C) $400 D) None of the above answers is correct.
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