At which of the following did the United States agree to implement policies to reduce U.S. inflation and reduce oil imports?
A. Bretton Woods
B. Louvre Accord
C. Bonn Summit
D. Plaza Accords
Answer: C
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The CPI for 2012 was 121, and for 2013 it was 132. What was the inflation rate between 2012 and 2013?
A) 9.09 percent B) 11 percent C) 10 percent D) 8.3 percent E) 121.0 percent
A decrease in supply will cause the smallest increase in price when
a. both supply and demand are inelastic. b. demand is elastic and supply is inelastic. c. both supply and demand are elastic. d. demand is inelastic and supply is elastic.
The aggregate demand curve shifts when there are changes in:
A. exogenous spending and the Fed's reaction function. B. potential output and exogenous spending. C. exogenous spending and inflation inertia. D. inflation inertia and aggregate supply shocks.
Who is more likely to offer a money-back guarantee: a seller of a lemon or a seller of a plum? Why?
What will be an ideal response?