The inflation rate for a given year is found by taking the percentage change in the Consumer Price Index (CPI) from the base year to the year in question
a. True
b. False
B
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Listed in the above table are the total revenues for the firms in two different industries. Each industry has only eleven firms. Find the four-firm concentration ratio and the Herfindahl-Hirschman Index for each industry
What will be an ideal response?
____________ also known as cash cards are computerized banking transactions, they remove money directly from your account
a. Credit cards b. Debit cards c. Smart cards d. Access cards
Long-term economic growth requires a permanent:
a. decline in the average price level. b. leftward shift of the vertical Phillips curve. c. rise in the natural rate of unemployment. d. leftward shift of the aggregate demand curve. e. rightward shift of the vertical aggregate supply curve.
Net exports is a negative number whenever
A. a nation's exports of goods and services exceed its imports. B. a nation's imports of goods and services exceed its exports. C. the nation's gross investment is on the decline. D. the nation's gross savings rate is on the decline.