Using Table 6.1, were there to have been deflation during this time period, you would have seen 
A. a stationary CPI.
B. a more rapid rate of increase in the CPI.
C. a slower rate of increase in the CPI.
D. a decrease in the CPI.
Answer: D
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Refer to the table below. If the discount rate is 6 percent and the cost of the investment is $45,000, what is the net present value of the investment?
The above table shows the future operating profits from an investment. The future operating profits are earned at the end of each of the respective years.
A) -$1,074.48
B) $1,100.56
C) $43,925.52
D) -$44,852.36
A monopolist that does not price discriminate will set the output level where
a. P = MC b. P = MR c. TR = TC d. MR = MC e. P = ATC
To maximize its profit, a monopolistically competitive firm chooses its level of output by looking for the level of output at which
a. price equals marginal cost. b. marginal revenue equals marginal cost. c. average total cost is minimized. d. All of the above are correct.
How is leisure counted in GDP?
A. a consumption B. as investment C. it is not counted in GDP D. as an intermediate good