Arlo is offered a job in Des Moines, where the CPI is 60, and a job in New York, where the CPI is 125 . Arlo's job offer in Des Moines is for $48,000 . How much does the New York job have to pay in order for the two salaries to represent the same purchasing power?
a. $23,040
b. $52,000
c. $79,200
d. $100,000
d
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Which country experiencing hyperinflation in excess of 15 billion percent in 2008?
A) Argentina B) Canada C) Iceland D) Zimbabwe
Most surveyed economists support Fogel and Engerman's (1974) position that plantation owners were largely rational and treated slaves in their best profit interest
Indicate whether the statement is true or false
Purchasing a profitable supplier increases profit only if
a. You pay equal to the value of the company's inventory b. You pay higher than the value of the company's future profits c. You pay lower than the value of the company's discounted future profits d. You pay lower than the value of the company's undiscounted future profits
cyclical unemployment is best defined as
a. deviation of unemployment from the natural rate b. unemployment dued to individuals searching for new jobs c. chronic unemployment dued to wages not balancing with goods and services d. unemployment associated with inefficiency in capital markets e. unemployment resulting from people who don't wish to work.