the annual percentage rate of increase in the average price level
What will be an ideal response?
the inflation rate
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All of the following household expenditures are included in consumption expenditure EXCEPT
A) payment to a dentist for filling a tooth. B) purchase of corporate stock. C) purchase of a new purse. D) purchase of hair styling.
Which of the following statements about the balance of payments accounts is CORRECT?
A) The current account must be greater than the capital and financial account. B) The sum of all three accounts is always zero. C) The official settlements account is typically larger than both the capital and financial account and the current account. D) Typically the capital and financial account is near zero because it equals the difference between the current account and the official settlements account.
The You Look Marvelous! cosmetic company is considering building a new shampoo factory. Its accountants and board of directors meet and decide that it is not a good idea to build the factory. If interest rates fall after the meeting
a. the present value of the factory rises. It's more likely the company will build the factory. b. the present value of the factory rises. It's less likely the company will build the factory. c. the present value of the factory falls. It's more likely the company will build the factory. d. the present value of the factory falls. It's less likely the company will build the factory.
The economy was expanding during all of the years that I was a student, but as soon as I graduated, the economy contracted. Therefore, the labor market was waiting until I started looking for a job to contract. This statement is an example of the
A. ceteris paribus fallacy. B. fallacy of logic. C. post hoc, ergo propter hoc fallacy. D. fallacy of inductive reasoning.