Holding all other things constant, when the price level rises, interest rates:
a. rise and firms want to borrow more for new plants and equipment and households want to borrow less for homebuilding.
b. rise and firms will want to borrow less for new plants and equipment and households will want to borrow less for homebuilding.
c. fall and firms want to borrow more for new plants and equipment and households want to borrow more for homebuilding.
d. all of the above
b
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Over half of the increase in labor productivity in India since 1993 has been due to
A) the growth rate of the capital stock. B) total factor productivity growth. C) a decrease in the population. D) successful infrastructure investment.
Unions are often thought to cause conflict between different groups of workers -- between the insiders who benefit from high union wages and the outsiders who do not get the union jobs
a. True b. False Indicate whether the statement is true or false