A current value for the CPI of 125 means that the
A. consumer must now pay $1.25 to purchase goods that cost $1.00, on the average, in the base year.
B. average price level currently is 125 times higher than the average price level during the base year.
C. purchasing power of a given money income is 25 percent larger during the base year than when the index was formulated.
D. purchasing power of money has increased 125 percent over time.
A. consumer must now pay $1.25 to purchase goods that cost $1.00, on the average, in the base year.
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Banks help savers find productive uses for their funds because banks are specialized in:
A. evaluating the riskiness of stocks. B. securing government guarantees for loans. C. obtaining preferential tax treatment for savers. D. gathering information about and evaluating potential borrowers.
In relation to the corporation, its bondholders are
a. borrowers b. lenders c. customers d. managers e. owners
Falling below a minimum standard of living illustrates the concept of absolute poverty.
Answer the following statement true (T) or false (F)
A forecaster used the regression equationQt = a + bt + c1D1 + c2D2 + c3D3and quarterly sales data for 1996 I - 2013 IV (t = 1, ..., 64) for an appliance manufacturer to obtain the results shown below. Q is quarterly sales, and D1, D2 and D3 are dummy variables for quarters I, II, and III. 
At the 5 percent level of significance, is there a statistically significant trend in sales?
A. Yes, because 2.14 > 0.05. B. Yes, because 0.700 > 0.05. C. No, because 0.0362 > 0.01. D. Yes, because 0.0362 < 0.05. E. both c and d