In Figure 4.4, the most likely cause of a decrease in the equilibrium interest rate from i2 to i1 is
A) an increase in the expected inflation rate.
B) a decrease in the expected inflation rate.
C) a business cycle expansion.
D) a combination of both A and C of the above.
B
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For a company with a periodic inventory system, which of the following would cause income to be overstated in the period of occurrence?
a. Overestimating bad debt expense b. Understating beginning inventory c. Overstated purchases d. Understated ending inventory
Everything else being equal, the higher the interest rate, the higher the future value
Indicate whether the statement is true or false
The ________ model suggests that employees with fewer bonds will be most likely to quit the organization.
A. continuity B. decay C. social impact D. social influence E. erosion
An organization was created to replace the GATT (General Agreement on Tariffs and Trade). This organization is:
a. the United Trade Organization b. the International Trading Union c. the World Trade Organization d. the European Trade Organization e. the Unified Trade Group