Using the information in Table 6.2, the percent increase in prices over the two year period from 2014 to 2016 is approximately
A) 26 percent. B) 31 percent. C) 38 percent. D) 98 percent.
B
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If the wage rate is $10 per hour and one worker can currently produce 2 units of output per hour, then the marginal cost of production is
a. $5 b. $10 c. $20 d. the answer cannot be determined from the information given.
Controlling the quantity of money and interest rates to influence aggregate economic activity is called
A) foreign policy. B) monetary policy. C) fiscal policy. D) bank antitrust policy.
M3 is an example of a Federal Reserve
A) directive. B) tool. C) intermediate target. D) operating target.
A $1,000 face value bond, with one year to maturity that sells for $950 and has a $40 annual coupon has a:
A. coupon rate of 4.00% and a current yield that is below this. B. current yield and yield to maturity of 4.00%. C. current yield of 4.21%. D. yield to maturity that equals the current yield.