On January 1, 2008, Edward invested $10,000 at 5 percent interest for one year. The CPI on January 1, 2008 stood at 1.60. On January 1, 2009, the CPI was 1.76. The real rate of interest earned by Edward was ________ percent.
A. 5
B. -5
C. 10
D. 0
Answer: B
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Which of the following is not prohibited by the Clayton Act, even if it reduces competition?
a. merger accomplished through the acquisition of another firm's stock b. merger accomplished through the acquisition of another firm's assets c. price discrimination that cannot be justified on the basis of cost differences d. exclusive dealing contracts e. interlocking directorates
The graph below indicates a competitive firm's cost curves
For what price(s) does the firm earn negative profit in the short-run? [ Select ] For what price(s) does a firm enter the market?
For what price(s) does a firm shut-down?
What is the price at the long-run market equilibrium?
For what price(s) will the firm exit in the long-run?
The fundamental invention underpinning the recent productivity acceleration is the:
A. fuel cell. B. microchip. C. Internet. D. personal computer.
Compared to an initial long-run equilibrium, an aggregate supply shock that reduces potential output results in a(n) ________ gap in the short run and ________ output and ________ inflation in the long run.
A. expansionary; higher; higher B. expansionary; lower; higher C. recessionary; lower; higher D. recessionary; potential; higher