If the Current Amount Is $100,000,the Inflation Rate Is 4

question 2

Multiple Choice

If the current amount is $100,000,the inflation rate is 4% and the number of periods is 2,what is the real amount?

• A)$74,545.34
• B)$92,455.62
• C)$104,567.32
• D)$88,455.32
• E)None of the above

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Definitions:

Pure Monopsony

A market condition where there is only one buyer for a product or service, giving that buyer significant control over market conditions.

Injunction

A legal order issued by a court that compels a party to do or refrain from specific acts.

National Labor Relations Act

A 1935 U.S. law that protects the rights of employees and employers, encourages collective bargaining, and curtails certain private sector labor and management practices.

Closed Shop

An agreement where a company agrees to hire union members only, and employees must remain members of the union at all times.