The CPI for 2012 was 121, and for 2013 it was 132. What was the inflation rate between 2012 and 2013?
A) 9.09 percent
B) 11 percent
C) 10 percent
D) 8.3 percent
E) 121.0 percent
A
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The supply curve for bonds has the usual upward slope, indicating that as the price ________, ceteris paribus, the ________ increases
A) falls; supply B) falls; quantity supplied C) rises; supply D) rises; quantity supplied
A rational person:
A. makes choices based on total benefits and total costs. B. undertakes activities until the net benefits become less than zero. C. considers the financial benefits and financial costs of making a choice. D. makes choices based on added benefits and added costs.
Observations of violations of consumer optimum predicted by consumer choice theory could provide support forI.utility analysisII.bounded rationalityIII.behavioral economics
A. I only. B. III only. C. both I and II. D. both II and III.
Nominal income is equal to
A. the aggregate money multiplier divided by the money supply. B. the aggregate price level multiplied by real aggregate income. C. the real aggregate price level divided by the nominal interest rate. D. aggregate money demand multiplied by aggregate money supply.