If the consumer price index changes from 125 in September to 150 in October, what is the rate of inflation?
a. 45.5%
b. 20.0%
c. 16.7%
d. 9.1%
b
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The incentive of holding excess reserves is equal to
A) the federal funds rate. B) the interest rate earned on excess reserves. C) the discount rate. D) none of the above.
A game in which one player's winnings equal the other player's losings is called a
A) tit-for-tat game. B) all-or-nothing game. C) fair-and-balanced game. D) zero-sum game.
Higher protection raises the overall level of employment
Indicate whether the statement is true or false
The Department of Justice has challenged the merger of two firms, and the case has ended up in the Supreme Court. The two firms argue that they will not use their monopoly power to raise prices or to cut output. Under what judicial standard would their merger be allowed, and under what judicial standard would their merger be disallowed?