In April 1977 the price of a pound of coffee was $3.00. Between 1977 and 2017 the Consumer Price Index (CPI) rose from 60.6 to 245.1. In April 2017 the price of a pound of coffee was $1.20. What is the price of a pound of coffee in April 1977 adjusted for inflation in 2017?
a. $0.74
b. $4.85
c. $7.28
d. $12.13
d. $12.13
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A) government securities from the government. B) corporate securities from banks or some other business. C) government securities from banks or some other business. D) corporate securities from the government. E) gold.
"The government should provide health care for all citizens." This statement is an illustration of:
a. positive economic analysis. b. correlation analysis. c. fallacy of association analysis. d. normative economic analysis.
What are the payoffs in the typical duopoly game?
A. Increased barriers to entry. B. Profits. C. Increased economies of scale. D. Product differentiation.
If an investor has a tax rate on interest income of 30% and the inflation rate is 4%, which bond has the highest expected real after-tax interest rate?
A. A municipal bond paying 6% B. A corporate bond paying 7% C. A Treasury bond paying 7% D. A Treasury bond paying 8%