If the nominal interest rate in an economy is 6%, and the rate of inflation in the economy is 4%, the real interest rate in the economy is:
A) 2%.
B) 24%.
C) 1.5%.
D) 10%.
Answer: A) 2%.
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Which of the following is true of price leadership?
a. Price leadership requires that firms collude. b. Price leadership will not exist when there is a dominant firm. c. Price leadership may come into being as firms recognize the benefits of not engaging in competitive pricing. d. Price leadership is most likely to arise when no firm has a history of making accurate evaluations of market conditions. e. Price leadership is never used in the real world.
The ratio of a bank's total reserves to its total transactions deposits is known as the
A. Reserve ratio. B. Deposit ratio. C. Excess reserves. D. Required reserves.
Full-time homemakers and retirees are classified in the BLS data as
A. part of the labor force. B. not in the labor force. C. employed. D. unemployed.
A "bill of rights" for union members and a provision of union election procedures were two of the main provisions of the _____ Act.
A. National Labor Relations B. Taft-Hartley C. Landrum-Griffin D. Sherman Antitrust