What is it called when the value of a business is determined based on market-derived multiples?
a. income-based approach
b. market-based approach
c. excess earnings method
d. asset accumulation approach
e. none of these
b. market-based approach
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In an attempt to maintain the peso exchange rate in 1994, the Mexican central bank
A) purchased dollars and sold pesos. B) sold both dollars and pesos. C) sold dollars and purchased pesos. D) purchased both dollars and pesos.
If average variable cost is decreasing as output increases, then marginal cost is definitely
A) decreasing as output increases. B) increasing as output increases. C) less than average variable cost. D) greater than average variable cost.
Expansionary monetary policy to prevent real GDP from falling below potential real GDP would cause the inflation rate to be ________ and real GDP to be ________
A) higher; higher B) higher; lower C) lower; lower D) lower; higher
According to research by Stock and Watson, the recent decline in volatility in many macroeconomic variables was a
A) sudden drop that occurred around 1984. B) gradual decline throughout the 1980s. C) sudden drop that occurred around 1990. D) gradual decline throughout the 1990s.