The actual rate of inflation is equal to the expected rate of inflation along the:
a. downward-sloping Phillips curve.
b. upward-sloping aggregate supply curve.
c. horizontal aggregate supply curve.
d. downward-sloping aggregate demand curve.
e. vertical Phillips curve.
e
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On January 1, Rick's Photo owned $50,000 of equipment. During the year, the value of the equipment fell by $10,000, plus Rick bought $25,000 in new equipment. Rick's company experienced ________ because ________
A) depreciation of $15,000; depreciation equals investment in new products minus loss in values B) gross investment of $40,000; gross investment equals net investment plus depreciation C) net investment of $15,000; net investment equals gross investment minus depreciation D) gross investment of $15,000; gross investment equals net investment minus depreciation E) net investment of $15,000; net investment equals beginning year financial capital minus depreciations and investment
The majority of money is created when
A) banks make loans. B) new coins are minted. C) the federal government borrows from the public. D) the Fed sells bonds.
The downturn in the immigration cycle beginning in the 1850s is attributable to which group?
(a) Children (b) Grandparents (c) Women (d) Men
The owner of the local "Fatty Foods" chain of restaurants is thinking about retiring. He has two options: he can hire salaried managers for his stores or franchise them to local entrepreneurs. If the owner believes that there are high costs to monitoring the stores after he retires, what should he do?
a. Let the stores stay company stores b. Sell them off as franchises c. Shut down the business completely d. Never retire