The information in the table above gives the 2012 reference base period CPI basket and prices used to construct the CPI for a small nation. It also has the 2013 prices. What is the value of the CPI for 2013?
A) 140
B) 133
C) 100
D) 75
A
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The global financial crisis of 2007-2009 not only led to a worldwide recession, but also a ________ in the European nations that use the euro currency
A) currency devaluation B) budget surplus C) sovereign debt crisis D) tax cut
Price ceilings are typically imposed to benefit buyers
a. True b. False Indicate whether the statement is true or false
A firm can hire six workers at a wage rate of $8 per hour but must pay $9 per hour to all of its employees to attract a seventh worker. The marginal wage cost of the seventh worker is:
A. $9. B. $10. C. $15. D. $21.
Most economists believe that the source of European high unemployment in the past two decades is
A) labor market institutions. B) tight monetary policy. C) tight fiscal policy. D) financial crisis.