Inflation refers only to rising prices at a given time period
a. True
b. False
Indicate whether the statement is true or false
False
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Which of the following is true of an extensive-form game?
A) The sum of the payoffs to the players in the game is always constant. B) It involves simultaneous decision making by the players. C) It involves sequential decision making by the players. D) The players in the game earn equal payoffs in equilibrium.
If the annual interest rate is 0 percent, the present value of receiving $1.10 in the next year is:
A. $1.00. B. $1.11. C. $1.10. D. $1.01.
Answer the following questions true (T) or false (F)
1. The total value of production from Ford's manufacturing plant in Cologne, Germany would be included in Germany's gross national product. 2. Transfer payments are subtracted from national income to get to personal income. 3. For developed countries like the United States, GDP will always exceed GNP.
Consider the currency market for British pounds and U.S. dollars. A decrease in the supply of British pounds results in:
A. An appreciation of the pound and a depreciation of the dollar B. A depreciation of the pound and a depreciation of the dollar C. An appreciation of the pound and an appreciation of the dollar D. A depreciation of the pound and an appreciation of the dollar