A) $4,965.
B) $1,169,408.
C) $1,057,894.
D) $16,080,001.
F) A) and B)
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A) -5 percent.
B) -1 percent.
C) 5 percent.
D) 3.2 percent.
F) C) and D)
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A) $5,296.
B) $1,128,421
C) $1,247,368
D) $17,152,000
F) All of the above
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A) very high.
B) high.
C) low,but never negative.
D) low,and in some years they were negative.
F) B) and D)
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D
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A) there were serious episodes of deflation in the time frame represented on the graph.
B) consumer prices were always rising in the time frame represented on the graph.
C) the economy never experienced a recession in the time frame represented on the graph.
D) GDP was always increasing for the time frame represented on the graph.
F) B) and C)
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A) take the Charlieville job.
B) take the Wrexington job.
C) take either job because they both have the same purchasing power.
D) The answer cannot be determined from the information given because a salary is not the same as purchasing power.
F) B) and D)
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A
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A) The Sound of Music ranks as the most popular movie of all time.
B) Gone with the Wind does not rank as one of the 50 most popular movies of all time.
C) Titanic ranks as the most popular movie of all time.
D) Avatar does not rank as one of the 50 most popular movies of all time.
F) A) and C)
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A) high in the 1970s and 1990s.
B) low in the 1970s and 1990s.
C) high in the 1970s and low in the 1990s.
D) low in the 1970s and high in the 1990s.
F) A) and B)
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A) If the inflation rate exceeds the nominal interest rate,then the purchasing power of an interest-earning deposit falls over time.
B) If there is deflation,then the purchasing power of an interest-earning deposit rises by more than the nominal interest rate over time.
C) The higher the rate of inflation,the smaller the increase in the purchasing power of an interest-earning deposit.
D) The purchasing power of an interest-earning deposit can increase or decrease over time,but it cannot stay the same.
F) B) and C)
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A) $0.03.
B) $0.27.
C) $0.37.
D) $1.00.
F) All of the above
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A) -5 percent.
B) 1.67 percent.
C) 5 percent.
D) 11 percent.
F) B) and D)
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A) When the nominal interest rate is rising,the real interest rate is necessarily rising;when the nominal interest rate is falling,the real interest rate is necessarily falling.
B) If the nominal interest rate is 4 percent and the inflation rate is 3 percent,then the real interest rate is 7 percent.
C) An increase in the real interest rate is necessarily accompanied by either an increase in the nominal interest rate,an increase in the inflation rate,or both.
D) When the inflation rate is positive,the nominal interest rate is necessarily greater than the real interest rate.
F) None of the above
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A) $4.75 purchased in 1955.
B) $20.00 purchased in 1955.
C) $95.00 purchased in 1955.
D) $500 purchased in 1955.
F) None of the above
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A) 5.00 percent
B) 1.00 percent
C) 5.15 percent
D) 13.00 percent
F) B) and D)
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A) The U.S.economy has never experienced deflation.
B) Since 1965,the U.S.nominal interest rate has exceeded the U.S.real interest rate.
C) Since 1965,the U.S.economy has experienced rising consumer prices in most years.
D) During deflation,the real interest rate exceeds the nominal interest rate.
F) A) and B)
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A) 60 in 1972 and 95 today
B) 60 in 1972 and 120 today
C) 90 in 1972 and 150 today
D) 96 in 1972 and 154 today
F) B) and D)
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A) $25,511
B) $52,073
C) $40,140
D) $41,159
F) A) and C)
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A) $0.27,so tennis balls were cheaper in 1975.
B) $0.27,so tennis balls were cheaper in 2005.
C) $3.66,so tennis balls were cheaper in 1975.
D) $3.66,so tennis balls were cheaper in 2005.
F) All of the above
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A) -4 percent.
B) 4 percent.
C) 6 percent.
D) 14 percent.
F) A) and C)
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D
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A) More people go to movies now than in the past.
B) There are no good substitutes for movies currently.
C) Prices,including those for movie tickets,have been rising over time.
D) Movies and DVD are complements.
F) B) and D)
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