How does the break-even inflation rate differ from the expected inflation rate as measured in surveys?
A. The break-even inflation rate varies less than the expected inflation rate from surveys.
B. The break-even inflation rate is always several percentage points higher than the expected inflation rate from surveys.
C. The break-even inflation rate varies more than the expected inflation rate from surveys.
D. They are very close to each other.
Answer: C
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The firm shown in the figure above is
A) a natural monopoly because its LRAC curve slopes downward where it intersects the demand curve. B) not a natural monopoly because its LRAC curve slopes downward where it intersects the demand curve. C) not a natural monopoly because its MC curve is horizontal. D) not a natural monopoly because its MC curve is below its LRAC curve.
Which of the following is not an in-kind benefit?
a. A company life insurance policy. b. A company health plan. c. A company's annual holiday bonus. d. A company car.
A "decrease in the quantity demanded" means that
A) the demand curve has shifted to the right. B) the supply curve has shifted to the left. C) price has declined and consumers therefore want to purchase more of the good. D) price has increased and consumers therefore want to purchase less of the good.
Susan put $375 into an account and one year later had $405 . What interest rate was paid on Susan's deposit?
a. 5 percent b. 7 percent c. 8 percent d. 10 percent