Which of the following is true of high and variable rates of inflation
What will be an ideal response?
When such rates are present, it will be difficult for people to accurately forecast next year's rate of inflation
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If a perfectly competitive apple farm's marginal revenue exceeds the marginal cost of the last bushel of apples sold, what should the farm do to maximize its profit?
A) increase output B) decrease output C) lower its price to sell more D) determine what the total revenue and total cost of production are
One of the conclusions of A. C. Pigou was that
A. a system of mandatory controls is the only effective means to control pollution. B. a system of charges can be an effective means to control pollution. C. pollution will wither away if a socialist system is in place. D. pollution cannot be adequately addressed in a price system.
What is the present value of $100 three years from now at an interest rate of 5%?
A) $85 B) $115.76 C) $90.70 D) $86.38
Citigroup is an example of:
A. a unit bank. B. a financial holding company. C. an Edge Act corporation. D. a foreign bank.