In which market model is there mutual interdependence?
A. Monopolistic competition
B. Pure competition
C. Pure monopoly
D. Oligopoly
D. Oligopoly
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Assuming the same coupon rate and maturity length, the difference between the yield on a Treasury Inflation Indexed Security and the yield on a nonindexed Treasury security provides insight into
A) the nominal interest rate. B) the real interest rate. C) the nominal exchange rate. D) the expected inflation rate.
In the 1990s, inflation in the United States was
a. very close to zero. b. about 3 percent per year. c. about 6 percent per year. d. commonly referred to as "public enemy number one.".
Which of the following is a tax on labor?
a. Medicare tax b. Social Security tax c. federal income tax d. All of the above are labor taxes.
Which of the following statements is true?
A) Base year prices are necessarily higher than current year prices. B) The CPI in the base year is always 100. C) If the CPI is 112 in year 1 and 123 in year 2, prices have risen by approximately 9.8 percent between the two years. D) b and c E) a, b, and c