The "Chain Store Act" is a name given to the
A) Clayton Act.
B) Federal Trade Commission Act.
C) Robinson-Patman Act.
D) Sherman Antitrust Act.
Answer: C
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Open market operations intended to offset movements in noncontrollable factors (such as float) that affect reserves and the monetary base are called
A) defensive open market operations. B) dynamic open market operations. C) offensive open market operations. D) reactionary open market operations.
If the annual interest rate is 9%, what would you expect to pay for a bond paying a lump sum of $10,000 in two years?
A) $8,417 B) $8,200 C) $10,000 D) $11,881
Suppose that the cross price elasticity of demand between good X and good Y is -1.55. This indicates that the two goods are
A) substitutes. B) complements. C) both inferior. D) completely unrelated in the minds of consumers.
Macland calculates its price level in Year 2 as 1,240. The price level was 1,180 in Year 1. What is Macland’s inflation rate? (Round your answer to one decimal place.)
a. 6% b. 140,000 c. 5% d.1%