If the CPI was 196.5 in 2005 and 172.2 in 2000, by what percentage did prices rise during the period 2000-2005?
A) 0.10 percent
B) 6.43 percent
C) 10 percent
D) 14.1 percent
D
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In Keynes's liquidity preference framework
A) the demand for bonds must equal the supply of money. B) the demand for money must equal the supply of bonds. C) an excess demand of bonds implies an excess demand for money. D) an excess supply of bonds implies an excess demand for money.
Many studies of wage discrimination have been conducted on professional sports teams. This industry is easier to study than others because the professional teams have many objective measures of
Which country has experience the highest GDP growth in recent years?
A. China B. USA C. Russia D. Greece
(Interest Rate, Planned investment in billions): (3%,$400) (6%,$360), (9%, $320), (12%, $280), (15%, $240), (18%, $200): Suppose the expenditure multiplier is 3. An increase in the interest rate from 6% to 9%, ceteris paribus, would
A) increase planned expenditure by $120 billion. B) increase aggregate expenditure by $120 billion. C) decrease equilibrium output by $120 billion. D) decrease planned investment by $120 billion.