If the Consumer Price Index falls from one year to the next, we can most conclusively say that the economy has experienced:
A. inflation.
B. hyperinflation.
C. disinflation.
D. deflation.
Answer: D
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If X and Y are complementary goods, the demand curve for X will shift to the right when the price of Y increases
a. True b. False Indicate whether the statement is true or false
A company draws its total cost curve and total revenue curve on the same graph. If the firm wishes to maximize profits, it will select the output at which the
a. vertical distance between the two curves is greatest. b. total cost curve cuts the total revenue curve. c. horizontal distance between the two curves is greatest. d. slope of the total revenue curve is greatest.
The government can borrow money from both the bond market and the loanable funds market
a. True b. False Indicate whether the statement is true or false
Which of the following is the equation for determining an expected value?
A. (1 - Risk factor) × PDV. B. (1 - Risk factor) ÷ PDV. C. (Risk factor - 1) × PDV. D. (Risk factor - 1) ÷ PDV.