To ensure that your salary maintains its real purchasing power from year to year, your nominal salary must be:
A. deflated.
B. hyperinflated.
C. indexed.
D. aggregated.
Answer: C
You might also like to view...
Based on data in the table above, use the midpoint method to determine the cross elasticity of demand for ice cream and cake
A) The cross elasticity is -0.75. B) The cross elasticity is -1.75. C) The cross elasticity is -0.83. D) The cross elasticity is -4.0. E) The cross elasticity is -1.33.
Suppose Kate's Great Crete (KGC) has annual variable costs of VC = 30Q + 0.0025Q2 and marginal costs of MC = 30 + 0.005Q, where Q is the number of cubic yards of concrete it produces per year. In addition, it has an avoidable fixed cost of $50,000 per year. KGC's demand function is Qd = 20,000 - 400P. What is the profit maximizing sales quantity?
A. 20 B. 2,000 C. 8,000 D. 0
Today, the full-employment unemployment rate in the United States is generally agreed to be
a. 2 to 3 percent. b. 3 to 4 percent. c. 4 to 5 percent. d. 5 to 6 percent.
When you are calculating how long it will take your initial bank deposit to double, the rule of 72 prescribes that you divide the annual interest rate paid on the deposit by 72
a. True b. False Indicate whether the statement is true or false