If the CPI increases from 110 to 125 for one year, the rate of inflation for that year is
A. 1.13 percent.
B. 13.6 percent.
C. 15 percent.
D. 50 percent.
Answer: B
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A collusive agreement to form a cartel is difficult to maintain because
A) each member firm can increase its own profits by cutting its price and selling more. B) forming a cartel is legal but frowned upon throughout the world. C) supply will decrease because of the high cartel price. D) demanders will rebel once they realize a cartel has been formed. E) each firm can increase its profit if it decreases its production even more than the decrease set by the cartel.
In Figure 4-4 above, if the interest rate falls from 10% to 7.5% and this causes businesses to become more optimistic about future investment conditions, we would observe that planned investment would
A) decrease from B to C to D. B) increase from B to C to D. C) increase from B to C to F. D) decrease from B to C to F.
Which of the following statements is correct?
a. NASDAQ is an important stock exchange in the United States. b. The Standard & Poor's 500 Index and the New York Stock Exchange are two examples of stock indexes. c. The most significant influence on the demand for a corporation's stock is the number of shares of the stock that the corporation has issued. d. All of the above are correct.
The formula for the slope across an arc is used to approximate the slope for
A) linear relationships only. B) a curved line. C) a positive relationship only. D) a negative relationship only.