The CPI is all of the following EXCEPT the:
A. cost of living relative to the base year.
B. consumer price index.
C. average level of prices relative to prices in the base year.
D. rate of inflation between the current period and the base year.
Answer: D
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Burns (1934) argued that retardation and decline in some industries are
(a) healthy for a growing and developing economy because resources are released for use in productive sectors. (b) healthy only for the competitors of the declining industries. (c) unhealthy for a growing economy because resources are idle in the declining industries. (d) unhealthy for a growing economy because the released resources are used unproductively by the competitors of the declining industries.
In a Nash equilibrium no player wants to change his or her strategy
Indicate whether the statement is true or false
Which of the following countries has not experienced hyperinflation in the twentieth century?
a. Germany b. Russia c. Argentina d. United States
The most successful region of transition
a. Central Europe b. Russia c. Central Asia d. Belarus e. Afghanistan