If your nominal income is $80,000 and your real income in base year prices is $71,500, what is the CPI?
A) 106 B) 150 C) 112 D) 100 E) 89
C
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To non-activists, which of the following is the most useful stabilization policy?
A) procyclical monetary and fiscal policy changes B) countercyclical monetary changes C) government spending changes D) None of these.
In the spring of 1994, Northwest Airlines took the independent action of reducing fares on its flights. Other competing airlines quickly matched the fare cuts. These actions might be interpreted as:
A) a noncooperative game. B) a cooperative game. C) a constant sum game. D) a competitive game.
A major advantage of the corporation is
A. limited taxes. B. preferential treatment by state governments. C. limited liability of individual owners. D. limited numbers of owners and ease of decision making.
Jen has a PhD in economics and has been working for 3 years part-time as an instructor; she has always hoped to be hired as a full-time faculty member. The best way to describe Jen is to say she is:
A. a discouraged worker. B. unemployed. C. underemployed. D. overemployed.