If a can of soda costs $1.00 today, how much would it cost in 12 months (1 year) if the prices go up by 50 percent per month?

A. about $130.00
B. about $7.00
C. about $6.00
D. about $24.00

Answer: A

Economics

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Why is price inflation sometimes good in a recession?

A. Price inflation makes it harder for real wages to fall. B. Price inflation makes it harder for real wages to rise. C. Price inflation makes it easier for real wages to rise. D. Price inflation makes it easier for real wages to fall.

Economics

Which of the following statements is most accurate about the market for call loans:

a. During the 1920s, the supply of loans increased more than the demand. b. During the 1920s, credit was being pulled into the stock market by the rising interest rates on call loans. c. An increased willingness of banks to supply call loans was the decisive factor in causing the bull market. d. The interest rates on call loans decreased significantly during the 1920s.

Economics