Using Table 6.1, from the 1982-1984 base to 2003, prices increased 
A. 84.3 times.
B. by 84.3 dollars per week on monthly bills.
C. 184.3%.
D. 84.3%.
Answer: D
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When the economy suffers a temporary negative supply shock and the central bank responds by changing the autonomous component of monetary policy to keep inflation at the target inflation rate, then
A) aggregate output drops in the short run. B) output will return to potential output over time. C) aggregate output is stabilized. D) all of the above. E) both A and B.
Jim saw a decrease in the quantity demanded for his firm's product from 800 . to 600 . units a week when he raised the price of the product from $200 to $250 . What is Jim's own price elasticity of demand?
a. 1.29 b. 1 c. 0.25 d. 0.78
All of the following can be used to measure macroeconomic performance except for the
A. International value of the dollar. B. Total real value of goods and services produced. C. Growth rate of the population. D. Average price level of goods and services.
Refer to the information provided in Figure 23.2 below to answer the question(s) that follow.
Figure 23.2Refer to Figure 23.2. The line segment ________ represents Jerry's consumption when income equals zero.
A. BC B. DA C. BD D. BA