The rate of inflation, excluding the effects of food and energy prices, is _____.
(A) Hyperinflation
(B) The core inflation rate
(C) The price index
(D) The wage-price spiral
Ans: (B) The core inflation rate
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Inflation reduces the return to capital gains _____
a. only on large assets such as houses b. because people have to pay taxes on nominal capital gains c. when tax rates on capital gains are high d. only under hyperinflation
All of the following are deficit items in the balance of payments EXCEPT
A) purchases of foreign assets. B) imports of merchandise. C) foreign tourist expenditures. D) purchases of foreign currency.
The aggregate demand curve is downward sloping because an increase in the general price level will cause the demand for money, interest rates, and investment to change in which of the following ways?
A) Increase/Increase/Increase B) Increase/Increase/Decrease C) Increase/Decrease/Increase D) Decrease/Increase/Decrease E) Decrease/Decrease/Increase
The conventional merger is the ____ merger.
A. horizontal B. vertical C. conglomerate D. diversifying