Households
a. own and sell resources
b. play a very minor role in the economy
c. supply goods and services
d. are the largest purchasers of resources
e. none of the above
A
Economics
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Although wages, incomes, and interest rates are most often discussed in real terms, what matters most are their nominal values.
a. true b. false
Economics
If the Fed were to allow unemployment to remain at a higher level than NAIRU:
A. the dual mandate would be violated. B. It would lead to deflation. C. they would fail to maintain full employment. D. All of these statements are true.
Economics