The worst recession since World War II started in which year?
A. 1957
B. 1973
C. 1981
D. 2007
D. 2007
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Why would a firm rather a company like J.D. Power (which provides product satisfaction reviews) review its product than doing it within the firm?
A) J.D. Power provides less credibility. B) J.D. Power provides greater credibility. C) J.D. Power is more honest than the average firm. D) J.D. Power has a government monopoly in providing product satisfaction reviews.
Commodity substitution bias in the CPI refers to the fact that the CPI
A) takes into account the substitution of goods by consumers when relative prices change. B) takes no account of the substitution of goods by consumers when relative prices change. C) substitutes quality changes whenever they occur without taking account of the cost of the quality changes. D) accounts for improved quality in price rises. E) substitutes relative prices for absolute prices of goods.
Real interest rates are the
A) interest rates quoted in the market. B) interest rates quoted in the market plus the expected inflation rate. C) nominal interest rates plus the inflation rate. D) interest rates quoted in the market minus the inflation rate.
Which of the following is not a nonsensical headline?
a. British perpetuities about to mature. b. Disney issues new bonds with term of 7 percent. c. Corporate bonds currently pay higher interest rates than government bonds. d. Standard and Poor's judges new junk bond to have very low credit risk.