The faster the drop in the purchasing power of money, the faster the
A. increase in the inflation rate.
B. drop in the inflation rate.
C. drop in the deflation rate.
D. increase in the deflation rate.
Answer: A
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In the circular flow model, which of the following items is a real flow?
A. The flow of government expenditures to firms for the goods bought B. The flow of income from firms to households for the services of the factors of production hired C. The flow of U.S. borrowing from the rest of the world D. The flow of labor services from households to firms
By providing in-kind benefits such as company cars, a company benefits because _____
a. they can pay less for employees b. their employees are late less frequently c. employees are grateful d. they are taxed as ordinary income not business expenses
If $1,000 is placed in an account earning 8% annually on January 1, 1999, how much would be in this account on January 1, 2013?
What will be an ideal response?
Two countries that specialize their production along the lines of comparative advantage and then trade with each other will be able to:
A. both produce and consume more. B. produce less and consume more. C. produce more and consume less. D. both produce and consume less.