« previous next »

Author Question: The real-nominal principle states that A) what matters to people is the face value of money or ... (Read 58 times)

frankwu

  • Hero Member
  • *****
  • Posts: 549
on: Jun 30, 2018
The real-nominal principle states that
 
  A) what matters to people is the face value of money or income.
  B) people respond more to explicit, or real, costs than to implicit costs.
  C) people respond more to implicit costs than to explicit costs.
  D) what matters to people is the purchasing power of money or income.

Question 2

Since 1998, the U.S. federal government has continuously run a budget surplus.
 
  Indicate whether the statement is true or false
Macroeconomics: Principles, Applications and Tools ¦ O'Sullivan, Sheffrin, Perez ¦ 7th Edition
Buy Test-Bank


Tabitha_2016

  • Sr. Member
  • ****
  • Posts: 344
Reply #1 on: Jun 30, 2018
Answer to Question 1

D

Answer to Question 2

FALSE


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

One way to reduce acid reflux is to lose two or three pounds. Most people lose weight in the belly area first when they increase exercise, meaning that heartburn can be reduced quickly by this method.

Did you know?

The senior population grows every year. Seniors older than 65 years of age now comprise more than 13% of the total population. However, women outlive men. In the 85-and-over age group, there are only 45 men to every 100 women.

Did you know?

A serious new warning has been established for pregnant women against taking ACE inhibitors during pregnancy. In the study, the risk of major birth defects in children whose mothers took ACE inhibitors during the first trimester was nearly three times higher than in children whose mothers didn't take ACE inhibitors. Physicians can prescribe alternative medications for pregnant women who have symptoms of high blood pressure.

Did you know?

In 2006, a generic antinausea drug named ondansetron was approved. It is used to stop nausea and vomiting associated with surgery, chemotherapy, and radiation therapy.

Did you know?

More than 20 million Americans cite use of marijuana within the past 30 days, according to the National Survey on Drug Use and Health (NSDUH). More than 8 million admit to using it almost every day.

The formation of a chimeric gene that is found in people with certain forms of leukemia. The formation of a chimeric gene that is found in people with certain forms of leukemia.
Endangerment sites of the head and face. Use only light to moderate pressure on head and face. Endangerment sites of the head and face. Use only light to moderate pressure on head and face.
Apply effleurage to face with palms. Place the hands gently on the face with fingertips at the jaw. ... Apply effleurage to face with palms. Place the hands gently on the face with fingertips at the jaw. ...
The Principle of Isostasy The Principle of Isostasy
Gestalt Principle: Proximity Gestalt Principle: Proximity
Time value money Time value money
Video: Mendel's Principles of Inheritance (Father of Genetics)

For a complete list of videos, visit our video library