A mortgage that adjusts the nominal interest rate to changing rates of inflation is
A. A PPI.
B. An ARM.
C. A GDM.
D. A COLA.
Answer: B
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When businesses are cutting back production, then it probably true that
a. total spending is greater than total output. b. total output is greater than total income. c. total spending is less than total output. d. inventory levels are decreasing.
Use the following general linear demand relation:Qd = 100 - 5P + 0.004M - 5PRwhere P is the price of good X, M is income, and PR is the price of a related good, R. If income increases to $100,000 and the price of the related good is now $20, what is the demand function?
A. Qd = 100 - 10P B. Qd = 400 - 5P C. Qd = 400 - 10P D. Qd = 300 - 5P E. none of the above
Adults who are waiting to be recalled to a job from which they had been laid off are counted as "unemployed."
a. True b. False Indicate whether the statement is true or false
A seller's willingness to sell is
a. measured by the seller's cost of production. b. related to her supply curve, just as a buyer's willingness to buy is related to his demand curve. c. less than the price received if producer surplus is a positive number. d. All of the above are correct.