If nominal wages are contractually fixed and cannot change in the short run, then an unexpected decline in the inflation rate will reduce business revenues and lower the unemployment rate.
a. True
b. False
Indicate whether the statement is true or false
Question 2
If the short run elasticity of demand for widgets is 1.1 and the long run elasticity of demand for widgets is 3.6, a decrease in price will ____ total revenue in the short run and ____ total revenue in the long run.
a. Increase; increase.
b. Increase; decrease.
c. Decrease; increase.
d. Decrease; decrease.
Flexible cooling fan blades change shape as the engine speed changes.
Fixed bed state (i) and complete fluidization (ii)
Population Growth and Change
Change in plasma metabolomics following glucose igestion
Share of Human Capital in Wages in Developing Countries
Determine the nominal annual rate of interest of the following ordinary general annuity.