The Rule of ________ can be used to calculate the number of years that it takes for the level of a variable to ________
A) 20; double
B) 70; triple
C) 70; double
D) 20; triple
E) thumb; double
C
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The current base period for the CPI is
a. 1967. b. 1977. c. 1982–1984. d. 1990.
The quantity of securities held by the Federal Reserve is controlled through:
A. the U.S. Treasury. B. the purchases made by the regional Reserve banks. C. the Fed's annual budget. D. open market operations.
In order to price discriminate, a firm must
A. have different marginal costs for serving different customers. B. sell to customers with identical price elasticities of demand. C. produce a product that is a close substitute for products of other firms. D. be able to prevent resale of its product.
The decline in the popularity of clothing made from animal fur has enticed large department stores like J. C. Penney and Sears to discontinue sales of animal-fur products. How does discontinuing sales of these products by J.C. Penney and Sears affect the
animal-fur clothing market? A) The demand curve for animal-fur clothing shifts to the right. B) The demand curve for animal-fur clothing shifts to the left. C) The supply curve for animal-fur clothing shifts to the right. D) The supply curve for animal-fur clothing shifts to the left.