A local bar provides free pretzels and peanuts. Once a week it even provides chicken wings for only ten cents each. It is
A) selling drinks below cost.
B) selling pretzels, peanuts and wings below cost.
C) unfairly competing against other local bars who are unable to do the same.
D) almost certainly doing none of the above.
D
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Two methods used to adjust nominal values for inflation are:
A. substituting and complementing. B. real and nominal. C. indexing and deflating. D. aggregating and disaggregating.
Which of the following holds the reserves of private banks in the United States?
A) The Treasury Department B) The Fed C) The Pentagon D) Various venture capitalists
Over the last 50 years, the rich have:
A. become richer, and the poor have become poorer. B. become richer, and the poor have become richer, too. C. become relatively poorer, and the poor have become relatively richer. D. become relatively poorer, and the poor have become relatively poorer, too.
The government could close an inflationary gap by increasing government spending by some amount greater than taxes
Indicate whether the statement is true or false