Refer to Table 24-4. If the nominal interest rate was 12 percent in Year 2, then

A) the real interest rate in Year 2 was 6 percent.
B) the real interest rate in Year 2 was 18 percent.
C) Lee's Year 1 food expenditures in Year 2 dollars amount to $5,800.
D) Lee's Year 1 food expenditures in Year 3 dollars amount to $6,200.

As compared to a purely competitive labor market,in a nonunionized monopsonistic labor market,wages:

A) and employment will both be lower.
B) will be higher,but employment will be lower.
C) will be lower,but employment will be higher.
D) and employment will both be higher.

Cash equivalents are investments that are readily converted to known amounts of cash and mature within three months.

ABC seeks to identify the _______________ that measure the activities performed on the product.