In the United States, the inflation rate during the past 25 years
A) has, on average, been negative.
B) has generally been below 5%.
C) has averaged 0%.
D) has increased at its fastest pace in history.
B
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In reaction to the passage of the Smoot-Hawley Tariff, Canada as well as many other U.S. trading partners
A) refused to export any products to the United States. B) eliminated tariffs on U.S. imports. C) refused to import any products from the United States. D) enacted large increases in tariffs on U.S. imports.
The above figure shows the payoff to two airlines, A and B, of serving a particular route. If the two airlines must decide simultaneously, what happens if the government imposes a $20 per firm tax on firms that service this route?
A) Neither firm has a dominant strategy. B) Not entering is a dominant strategy for both firms. C) Neither firm entering is a Nash equilibrium. D) Only firm A will enter.
When risks are shared across many different assets or people, reducing the impact of any particular risk on any one individual, it is called:
A. diversification. B. risk pooling. C. risk aversion. D. risk analysis.
The unit of account function of money: a. means that money should be durable
b. means that money makes price information more accessible. c. requires that money be made of something valuable. d. means that money can be used to save up purchasing power. e. means that money is more easily counted than goods.