The real purchasing power of the average worker's yearly earnings in the United States in 2014 was ________ as in 1929.
A. more than twice as large
B. about the same
C. five times as large
D. about half as much
Answer: C
Economics
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Unemployment and recessions are sometimes necessary to curb high inflation
Indicate whether the statement is true or false
Economics
Explain why asymmetric information can cause the real interest rate to increase, and why increases in the real interest rate can actually make lending more risky for financial institutions
What will be an ideal response?
Economics