Which of the following statements is true?
A. The prime rate is higher than the federal funds rate.
B. The federal funds rate is higher than the prime rate.
C. The prime rate is often the same as the discount rate.
D. The federal funds rate and the prime rate are often the same.
Answer: A
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The price level in the economy between 2014 and 2015 rose from 100 to 110. Between 2015 and 2016, the price level rose from 110 to 121. How does the short-run Phillips curve predict the unemployment rate will change as a result?
A) The unemployment rate will increase since inflation increased. B) The unemployment rate will decrease since inflation increased. C) The unemployment rate will decrease since inflation decreased. D) The unemployment rate will not change since there is no change in the rate of inflation.
If the salvage value is positive the net present value of an investment ________ and this ________ the likelihood that managers will undertake the project.
A) decreases; decreases B) increases; increases C) increases; decreases D) decreases; increases
The following table shows a monopolist’s demand curve and cost information for producing its good. What price will the monopolist charge?
a. $25
b. $30
c. $20
d. $35
In this graph, what is the total loss?
a. $75
b. $80
c. $85
d. $90