If the GDP price index is 137, this value means that prices have increased
A) 137 percent in the last year.
B) 37 percent in the last year.
C) 37 percent since the base year.
D) 137 percent since the base year.
E) 63 percent since the base year.
C
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Based on the information in the table, the total amount of bank deposits decreased from ________ to ________ over the course of 1932. Currency held by public(in billions)Reserve-deposit ratioBank reserves (in billions)Money supply (in billions)December 1931$4.590.095$3.11$37.3December 1932$4.820.109$3.18$34.0
A. $37.3 billion; $34.0 billion B. $34.2 billion; $30.8 billion C. $32.7 billion; $29.2 billion D. $37.3 billion; $32.7 billion
What is the relationship between marginal utility and an individual demand curve?
According to purchasing-power parity, inflation in the U.S. causes the dollar to
a. depreciate relative to all other currencies. b. depreciate relative to currencies of countries that have lower inflation rates. c. appreciate relative to all other countries. d. appreciate relative to currencies of countries that have lower inflation rates.
Assume the economy is operating at a real GDP above full-employment real GDP. Keynesian economists would prescribe which of the following policies?
A. nonintervention B. fixed rule C. contractionary D. expansionary