If the CPI is currently 246.3, by what percentage have prices risen since the base year?
What will be an ideal response?
146.3 percent
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If we are in a recession and follow conventional monetary policy, interest rates will ____ and then _____.
A. fall; fall further B. fall; rise C. rise; fall D. rise; rise further
When aggregate expenditure=GDP,
What will be an ideal response?
Refer to the graph shown. Assume that the market is initially in equilibrium at a price of $10 and a quantity of 500 units. In equilibrium, consumer surplus is equal to:
A. 1,500. B. 2,500. C. 5,000. D. 3,500.
A major challenge faced by Western Union in wiring money between the United States and Mexico is that ________.
A) it can only transfer funds in one direction B) it is facing competition from some commercial banks C) Mexican citizens do not like to use its services because it does not have strong ties with Mexican banks D) Mexican citizens trust the banks but do not trust Western Union due to its heritage a