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

Economics

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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.

Economics

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.

Economics

Describe what the term "full employment" means to an economist

Economics

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

Economics