Up until World War II inflation in the U.S. ________
A) remained around zero on average
B) rose and remained quite high for an extended period of time
C) has gone up and down but has always remained well above zero
D) increased by a factor of four every year
E) decreased by 30% every year
A
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If the annual interest rate is 5 percent,
a. $100 saved today will be worth $105 after one year b. $90 saved today will be worth $100 after one year c. $100 saved today will be worth $5 after one year d. $99 saved today will be worth $100 after one year e. $100 saved today will be worth $1,000 after one year
All of the following statements are true regarding voluntary production reduction programs EXCEPT
A. they offer firms incentives to reduce their production voluntarily. B. they include payments to producers who reduce production. C. they are an attempt to limit supply. D. they are an attempt to protect consumers from high prices.