Which of the following assets is best to hold in periods of high and expected inflation?
a. Cash.
b. Checking account deposits.
c. Land.
d. Treasury Bills.
e. Bonds.
.C
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If an individual borrows $100, and pays back $100 after a year to settle his loan, it implies that the rate of interest is:
A) 0 %. B) 100%. C) 1%. D) 10%.
Due to diminishing marginal returns, the ultimate source of economic growth in the United States from 1949 to 2010 has been
A) capital. B) labor. C) total factor productivity. D) Capital, labor, and total factor productivity are all subject to diminishing marginal returns, and therefore are all equally responsible for economic growth.
Most collective bargaining situations lead to strikes.
Answer the following statement true (T) or false (F)
When PAE increases we expect that economy will be at ________ levels of equilibrium GDP.
A. higher B. cycling C. constant D. lower