Refer to Table 20-19. Looking at the table above, what is the rate of growth of the average price level from 2015 to 2016?
A) 1% B) 2% C) 3.5% D) 4.76% E) 5.25%
D
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Which of the following terms describes a financial instrument which pools the deposits of many investors together and invest them in a safe way like short-term government bonds?
a. Money market funds b. Savings deposits c. Time deposits d. Certificates of deposit
All of the following are true about a monopolist except:
A. Average and marginal revenues are not the same. B. Marginal revenue is greater than price. C. Marginal revenue can be negative. D. Marginal revenue decreases with increases in output.
Members of the Federal Reserve Board of Governors
A) are confirmed by the House of Representatives. B) frequently need to deal with political pressures. C) are members of the Federal Open Market Committee. D) are appointed to 4 year terms.
If the price level is fixed, then changes in nominal income will be equivalent to changes in real income
a. True b. False Indicate whether the statement is true or false