Assume that the current one-year rate is 5% and the two-year rate is 7%. Given this information, the one-year rate expected one year from now is
A) 5%.
B) 6%.
C) 7%.
D) 9%.
E) 12%.
D
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The data in the table above give two points on the demand curve for pizza. Using the midpoint method, when the price of a pizza falls from $10 to $9, what is the percentage change in price?
A) 8.2 percent B) 15.5 percent C) 10.5 percent D) 5.0 percent E) 1.0 percent
Give an example of a cyclically unemployed person
What will be an ideal response?
If MUX / PX < MUY / PY then this consumer:
a. will buy less of X and more of Y. b. will buy more of X and more of Y. c. is in equilibrium. d. will buy more of X and less of Y. e. will buy less of X and less of Y.
The demand for unionized labor will generally be more elastic, and it will be more difficult for the union to achieve above-equilibrium wages when
a. there are no close substitutes for the unionized workers. b. the domestic producers of the good produced by the unionized workers face weak competition from foreign suppliers of the good. c. the cost of employing the unionized workers is a large part of the total cost of the product that they produce. d. the demand for the product produced by the unionized workers is highly inelastic.