Deflation exists whenever:
a. the overall price level falls
b. the overall price level rises.
c. the economy experiences a contraction.
d. the price of a good decreases.
a
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If a person were in the 20% tax bracket and given the choice of a $500 credit or a $2500 deduction,
A. he would not care. They would constitute the same tax benefit. B. he would take the credit every time. C. he would not qualify for either. D. he would take the deduction every time.
________ will lead to a decrease in the gross domestic product of a country, all other variables remaining unchanged
A) An increase in the expenditure on investment B) A decrease in the expenditure on investment C) An increase in exports D) A decrease in imports
Since 1995, the net interest payment as a percentage of GDP has:
a. declined. b. doubled. c. tripled. d. quadrupled.
Several writers have helped to popularize the notion that stock prices follow no discernible pattern. What is meant by a random walk, and how can you explain why people continue to invest in stocks if the random walk theory is correct?