Suppose the price index was 100 in 2014, 109 in 2015, and the inflation rate was lower between 2015 and 2016 than it was between 2014 and 2015 . This means that
a. the price index in 2016 was lower than 109.0.
b. the price index in 2016 was lower than 118.9.
c. the price index in 2016 was lower than 118.0.
d. the inflation rate between 2015 and 2016 was lower than 1.09 percent.
b
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The sale of Treasury securities by the Federal Reserve will, in general,
A) decrease the quantity of reserves held by banks. B) not change the money supply. C) not change the quantity of reserves held by banks. D) increase the quantity of reserves held by banks.
The aggregate expenditure model focuses on the ________ relationship between real spending and ________
A) long-run; real GDP B) short-run; inflation C) long-run; inflation D) short-run; real GDP
In this graph, what does point A show?
a. the demand level at the equilibrium quantity and marginal cost
b. the demand level at the equilibrium quantity and profit-maximizing price
c. the average total cost at the profit quantity and marginal cost
d. the average total cost and the profit quantity and profit-maximizing price
Exhibit 3-8 Demand and Supply Data for Video Games ? Price Quantity Demanded of Video Games Quantity Supplied of Video Games $75 400 900 70 450 850 65 500 800 60 550 750 55 600 700 50 650 650 45 700 600 40 750 550 ? In Exhibit 3-8, the equilibrium market price in this video game market would be:
A. $65 B. $60 C. $55 D. $50