The $/€ bid rate is the:
a. Equal to the €/$ ask rate
b. Inverse of €/$ bid rate
c. Inverse of $/€ ask rate
d. Equal to the $/€ ask rate
e. Inverse of €/$ ask rate
.E
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Inflation climbed steadily from 1952 to 1972. A time-series graph with inflation on the vertical axis and time (in years) on the horizontal axis would show
A) the rate of inflation as a horizontal line. B) that inflation was following a decreasing trend line. C) that inflation had a positive trend. D) that inflation had a negative trend.
What type of consumer goods are most affected by the business cycle: durable goods or nondurable goods? Why?
What will be an ideal response?
If businesses forecast significant economic growth in the future, they may: a. decrease their investment spending. b. increase their investment spending
c. decrease their consumption spending. d. increase their consumption spending.
Social Security wealth is the future value of the Social Security system.
A. True B. False C. Uncertain