A person's real wage will fall if the
A) nominal wage falls.
B) price level rises.
C) nominal wage rises.
D) price level falls.
E) a and b
E
Economics
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Without usury laws, banks will
A) charge very high interest rates to all borrowers. B) charge higher interest rates to riskier borrowers than to safer borrowers. C) charge very low interest rates to all borrowers. D) face no demand for loans.
Economics
Given the same unit costs, a monopolist will produce less output than a perfectly competitive firm
a. True b. False Indicate whether the statement is true or false
Economics