The following are the actual sales for the last six periods:
Period Sales
1 750
2 820
3 600
4 850
5 900
6 700
Using a 3-month moving average, what would be your prediction for period 7?
817
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In an effort to discover whether or not workers understand inflation, economist Robert Shiller conducted a survey. When asked about the effect of general inflation on their wages or salary, the most popular response coming from workers was,
A) "My wages usually catch up to rising prices within a year." B) "My wages have always increased by more than the rate of inflation." C) "The price increase will create extra profit for my employer.... There will be no affect on my pay." D) None of the above is correct.
Which would be a liability on a balance sheet of a commercial bank?
a. An outstanding commercial loan b. A U.S. Treasury bond c. A certificate of deposit issued by the bank d. Vault cash e. None of the above
The demand for labor is a derived demand
a. True b. False Indicate whether the statement is true or false
The Federal Reserve makes decisions regarding:
A. fiscal policy only. B. structural policy only. C. monetary and fiscal policy. D. monetary policy only.