Suppose Stan Musial earned $115,000 in 1947 . If the CPI was 82 in 1947, and was 246 in 1990, what is Stan Musial's 1947 salary in 1990 dollars?
Stan Musial's 1947 salary in 1990 dollars is $345,000.
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Australia is a net exporter of wool, free trade will benefit the ________.
A. rich citizens of the Australia B. poor citizens of the Australia C. domestic consumers D. domestic producers
In the term "real GDP," what does "GDP" stand for and what does it measure? What does "real" indicate?
What will be an ideal response?
In Maslow's Hierarchy of Needs, what is the level that is least likely to be achieved?
a. Physiological b. Safety and security c. Belongingness d. Self-actualization
If the current market federal funds rate is in the target rate range and the demand for reserves decreases, the likely response in the federal funds market will be:
A. the market federal funds rate will decrease. B. the market federal funds rate will increase. C. the market federal funds rate will equal the target rate. D. nothing; the reserve supply is so high that the market federal funds rate will be unchanged.