The purchasing power parity theory predicts better in the __________ run, and when there __________ in inflation rates across countries
A) long; is little difference
B) short; are large differences
C) long; are large differences
D) short; is little difference
C
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Next year's expected price of oil is $88 per barrel and the interest rate is 10 percent per year. According to the Hotelling Principle the price of oil this year is
A) $80 per barrel. B) $88 per barrel. C) $96 per barrel. D) None of the above answer is correct.
When are outcomes said to be independent? What is meant by the gambler's fallacy?
What will be an ideal response?
With respect to wealth in the United States, we presently find that the richest one percent of Americans own approximately how much of the nation's wealth?
A) 10 percent B) 35 percent C) 70 percent D) 85 percent
Since 1970, the share of income going to the richest fifth of the population in the U.S. has
a. diminished. b. grown. c. remained unchanged.