Three of the most popular methods of tracking price changes over time are:
A. CPI
B. PPI
C. MPC
D. GDP Deflator
E. MPC
Answer: D. GDP Deflator
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Figure 4.5 illustrates a set of supply and demand curves for hamburgers. An increase in supply and an increase in demand are represented by a movement from
A) point c to point a. B) point d to point a. C) point d to point b. D) point b to point c.
The ________ is below the coupon rate when the bond price is ________ its par value
A) yield to maturity; above B) yield to maturity; below C) discount rate; above D) discount rate; below
Jason is a single father with two children who is eligible for welfare. He can work as a cashier at a grocery store for $6 per hour up to 1,200 hours per year. If Jason does not earn any income, he will receive $15,000 a year in welfare. If Jason works, the government will deduct 60 cents from his welfare stipend for every $1 that he earns in income. Given this policy, what will be Jason’s income is he works 600 hours during the year?
a. $3,600 b. $16,440 c. $15,000 d. $12,840
A valid and useful theory of gold prices:
A. very likely includes as many details as possible about gold prices. B. helps to explain and predict the movements of gold prices over time. C. all of the above D. very likely relies on complex assumptions.