The price that a person must pay in order acquire purchasing power now rather than in the future is called
a. the interest rate.
b. the foreign exchange rate.
c. the inflationary premium.
d. the risk premium.
A
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In the event of deflation, or negative inflation, then
a. real GDP is always lower than nominal GDP. b. real GDP is always lower than nominal GDP after the base year. c. real GDP is always lower than nominal GDP. d. real GDP is always higher than nominal GDP before the base year. e. None of the above
As a result of moving more decision making from the center toward the periphery of the organization, typically
a. the flow of information to the decision maker that is relevant to the decision should be enhanced b. the flow of information from the decision maker that is relevant to the decision should be enhanced c. the incentives to make good decisions should be strengthened d. the procedures for the flow of information that is relevant to the decision can be relaxed