In 1970, Professor Plum earned $12,000; in 1980, he earned $24,000; and in 1990, he earned $36,000 . If the CPI was 40 in 1970, 60 in 1980, and 100 in 1990, then in real terms, Professor Plum's salary was highest in
a. 1980 and lowest in 1970.
b. 1980 and lowest in 1990.
c. 1990 and lowest in 1970.
d. 1990 and lowest in 1980.
a
You might also like to view...
According to this Application, Yu Juo proposed that the Chinese government should ________ the tax rate in the case of a famine if the government had insufficient funds, and this would ________ the standard of living
A) increase; increase B) increase; decrease C) cut; decrease D) cut; increase
If you get a job and are never required to join the union, this is known as a(n)
A. closed shop. B. open shop. C. agency shop. D. union shop.
If University of Nebraska increased its season football ticket sales from 43,000 to 47,000 when it lowered price from $350.00 to $300.00, then its demand for season tickets must be ________ because total revenue ________ when the price was lowered
A) elastic; decreased B) elastic; increased C) inelastic; decreased D) inelastic; increased
M&M and Dove are both considering issuing themed holiday candy. The profits for each strategy, regular candy or holiday candy, are summarized in the payoff matrix above
The Nash Equilibrium in this game is that Dove produces ________ and M&M produces ________. A) holiday candy; regular candy B) regular candy; holiday candy C) regular candy; regular candy D) holiday candy; holiday candy