A parking lot in a busy downtown district is experimenting with its pricing strategy to figure out where it should price its spaces. Which of the following strategies should it implement?
a. Decrease parking rates if the lot fills up much earlier than 9am
b. Increase parking rates if the lot doesn't fill up until much after 9am
c. If the lot fills up right around 9am the price is right
d. All of the above
c
Economics
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Suppose the nominal interest rate is 5% and the rate of inflation is 5%. The real interest rate is therefore
A) 0%. B) 1%. C) 5%. D) 6%.
Economics
You hold a $1,000 bond that has an interest rate of 5 percent. If comparable interest rates rise to 10 percent, and you decide to sell this bond, the price you receive will be
A. $1,000. B. $500. C. $2,000. D. You will not be able to sell the bond since it only pays 5 percent.
Economics