The annual inflation rate measures the percentage growth rate of
A. the CPI from one year to the next.
B. the CPI from the base period 1982-84 to a given year.
C. real GDP from the base period 1982-84 to a given year.
D. real GDP from one year to the next.
Answer: A
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A corporation can raise funds by
a. selling stock in the corporation. b. issuing bonds. c. borrowing from the bank. d. All of these.
Assuming that firms maximize profits, how will the price and output policy of an unregulated monopolist compare with ideal market efficiency?
a. The output of the monopolist will be too large and the price too high. b. The output of the monopolist will be too large and the price too low. c. The output of the monopolist will be too small and the price too high. d. The output of the monopolist will be too small and the price too low.
If a loan has a probability of not being paid back, the interest rate will:
A. be the real interest rate. B. likely include a risk premium. C. lower than the market interest rate. D. insufficient to compensate bondholders.
The work effect is a basic assumption of the ________ school; it states that ___________.
Fill in the blank(s) with the appropriate word(s).