If the CPI declines from 300 to 270, the price level fell by _____ percent.
Fill in the blank(s) with the appropriate word(s).
10
You might also like to view...
Assume that the central bank increases the reserve requirement. If the nation has highly mobile international capital markets and a flexible exchange rate system, what happens to the GDP Price Index and reserve-related (central bank) transactions in the context of the Three-Sector-Model?
a. The GDP Price Index falls, and reserve-related (central bank) transactions become more negative (or less positive). b. The GDP Price Index rises, and reserve-related (central bank) transactions remain the same. c. There is not enough information to determine what happens to these two macroeconomic variables. d. The GDP Price Index falls, and reserve-related (central bank) transactions remain the same. e. The GDP Price Index and reserve-related (central bank) transactions remain the same.
In the U.S., each additional year of schooling has historically raised a person's wage on average by about
a. 2 percent. b. 5 percent. c. 10 percent. d. 15 percent.
Describe what the term "full employment" means to an economist
Suppose the figure below shows Luke's demand curve for check-ups along with the supply curve for check-ups. 
If Luke had to pay the entire marginal cost of each check-up, then he would choose to have ______ check-ups a year.
A. 5 B. 1 C. 3 D. 2