Production and exchange depend on an reliable infrastructure of
a. transportation
b. communication
c. sanitation
d. electricity
e. All of the answers are correct
E
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How does a successful movie illustrate self-interested choices that are also in the social interest?
What will be an ideal response?
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
Jai Li just lost her job, and she has not yet started looking for a new one. The Bureau of Labor Statistics counts Jai Li as
a. unemployed and in the labor force. b. unemployed but not in the labor force. c. in the labor force but not unemployed. d. neither in the labor force nor unemployed.
In the short run, when the central bank increases the quantity of money, what happens to real balances?
a. They do not change, since prices will rise by the same proportion. b. They will fall, since prices will rise by a greater proportion. c. They will rise, since prices overall will fall. d. They will rise, since prices will not change in the short run.