From 1980 to 2000, the expected inflation rate in the United States declined by about
A. 1 percentage point.
B. 7 percentage points.
C. 3 percentage points.
D. 5 percentage points.
Answer: B
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A contractionary monetary policy ________.
A. shifts the aggregate supply curve to the left B. is used when the inflation rate is high C. is designed to increase aggregate demand D. can reduce the length of a recession
Refer to the figure above. What is the market-wide consumer surplus when the market price of calculators is $3?
A) $600 B) $725 C) $1,000 D) $1,120
Approaches to measuring GDP include all of the following except the
A) cost approach. B) product approach. C) income approach. D) expenditure approach.
Most stock indexes use which of the following measures to weight the companies that participate in the index?
a. The company's sales volume b. The company's book value c. The current profits d. The available cash e. The market capitalization