According to the quantity theory of money, if the money supply grows at 20 percent and real GDP grows at 5 percent, then the inflation rate will be
A) 15 percent. B) 20 percent. C) 25 percent. D) 100 percent.
A
Economics
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The GDP deflator is a broader measure of the price level than the CPI because
A) it covers sales tax. B) it covers rents. C) it covers investment. D) it factors out fluctuations in seasonal items.
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According to employment studies, what is the most productive day of the week?
a. Monday b. Tuesday c. Wednesday d. Thursday
Economics
An oligopolistic market may be difficult to enter because of government regulation or the expense of nonprice competition.
Answer the following statement true (T) or false (F)
Economics
Any rule that is used to make a choice is a
A) positive-sum game. B) zero-sum game. C) strategy. D) rational decision.
Economics