If real extraction costs do not change, the relative price of a finite resource would be expected to
a. fall over time.
b. remain constant over time.
c. rise at a rate given by the nominal rate of interest.
d. rise at a rate given by the real rate of interest.
d
Economics
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Refer to Figure 28-2. The nonaccelerating inflation rate of unemployment, or NAIRU, is associated with which point rate in the figure above?
A) A B) B C) C D) all of the above
Economics
Which of the following countries actually experienced negative economic growth from 1960 to 2011?
A) Niger B) Malaysia C) Singapore D) Israel
Economics