The significantly high rates of inflation in the 1970s occurred, in part,
A. because of increased petroleum prices.
B. due to high unemployment.
C. despite falling gasoline prices.
D. due to restrictive monetary policies.
Answer: A
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Since 1959 the fraction of persons below the poverty line has fallen
a. True b. False Indicate whether the statement is true or false
Although monopoly has lower output than competition, the level of output is efficient.
Answer the following statement true (T) or false (F)
Money is an imperfect store of value when
a. the rate of inflation is high. b. the unemployment rate is high. c. gold prices are falling. d. businesses are failing due to bankruptcy.
According to the rule of 72, a savings account with an interest rate of 12 percent will double in value in approximately:
A. 10 years. B. 6 years. C. 3 years. D. 8.5 years.