Of the following sequences of price levels, which correctly represents a 5 percent inflation rate?
A) 100, 105, 105, 105
B) 100, 105, 110, 115
C) 100, 105, 110.25, 115.76
D) 95, 100, 105, 110
E) 100, 100, 100, 100
C) 100, 105, 110.25, 115.76
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The total value of government bonds outstanding at any particular time is called the
A) government debt. B) government deficit. C) seignorage revenue. D) yield curve.
In the market for labor:
A. firms create the supply. B. the price in the market is the interest rate. C. individuals are the sellers of the good. D. there is never disequilibrium.
Equilibrium in the foreign exchange market occurs:
a. at the point where the foreign exchange demand and supply curves intersect. b. at the point where the foreign exchange demand and supply curves reach maximum separation. c. when two nations' economic leaders agree on the appropriate exchange rate. d. when two nations' diplomatic leaders agree on an exchange rate that meets both countries' needs. e. only by chance, if at all, because they change very frequently.
Based on research into voting behavior, which of the following is the most likely to vote in presidential elections?
a. Phyllis is a single woman with a bachelor’s degree who supports herself selling her crafts at art fairs. b. Chris is a single man with a high school diploma and a job as a plumber’s assistant. c. Carolyn is a married mother of two with a master’s degree and a job as a high school teacher. d. Stuart is a married man with no children, who has a college degree but is unemployed.