If the Consumer Price Index was 166.6 in one year and 172.2 in the next year, then the rate of inflation from one year to the next was:
a. 5.4%
b. 4.1%
c. 3.4%
d. 6.0%
c. 3.4%
Economics
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Refer to Figure 5.1. All else equal, an increase in the number of workers will cause a
A) shift from PF1 to PF2. B) shift from PF2 to PF1. C) movement up and to the right along PF1. D) movement down and to the left along PF2.
Economics
Consumer surplus measures the benefit to buyers of participating in a market
a. True b. False Indicate whether the statement is true or false
Economics
Refer to the accompanying figure. Assume demand remains unchanged at D1. If supply shifts from S1 to S2, then the equilibrium price will ________ and the equilibrium quantity will ________.
A. rise; rise B. rise; fall C. fall; fall D. fall; rise
Economics
If cable TV service and satellite TV service are substitutes,
What will be an ideal response?
Economics