If 2015 is the base year and the inflation rate between 2015 and 2016 is 7.1, the price index in 2016 is
A. 171.
B. 107.1.
C. 92.9.
D. 1.09.
Answer: C
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The accelerator theory states that
A) the larger this period's desired capital stock the smaller will be this period's net investment. B) the larger the previous period's desired capital stock the larger will be this period's net investment. C) the larger the previous period's desired capital stock the smaller will be this period's net investment. D) this period's net investment is unrelated to this period's desired capital stock.
The World Trade Organization (WTO), established in 1995, has which of the following as an objective?
a. support free trade b. eliminate trade subsidies c. establish binding rules to ensure fairness in trade d. All of these.
Goal independence is the ability of ________ to set monetary policy ________
A) the central bank; goals B) Congress; goals C) Congress; instruments D) the central bank; instruments
What happens to the market outcome if cartel members cheat on the collusive agreement?
A) Price declines, but firm-level quantities remain the same because the firms act like price takers B) Price and quantity revert to the single-seller monopoly equilibrium outcome C) Other firms raise prices so that the average market price remains unchanged D) Price declines and quantity increases toward the perfectly competitive equilibrium