If a central bank decreases the money supply, then
a. prices, output, and unemployment rise.
b. prices and output rise and unemployment falls.
c. prices rise and output and unemployment fall.
d. prices and output fall and unemployment rises.
d
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Dewey earned a salary of $75,000 in 2001 and $95,000 in 2006 . The consumer price index was 177 in 2001 and 266 in 2006 . Dewey's 2001 salary in 2006 dollars is
a. $37,711.86. b. $49,906.02. c. $66,750.00. d. $112,711.86.
In 1980, one Zimbabwean dollar was worth 1.47 U.S. dollars. By the end of 2008, the exchange rate was one U.S. dollar to 2 billion Zimbabwean dollars
When an economy experiences rapid increases in the price level such as what occurred in Zimbabwe, the economy is said to experience A) inflation. B) stagflation. C) hyperinflation. D) deflation.
The price of CDs is $15 and the price of pizzas is $10. Derek spends all of his income buying 2 CDs and 6 pizzas per week (and nothing else). Determine Derek's income, draw his budget line and represent his utility-maximizing point using an indifference curve.
What will be an ideal response?
What is total revenue for a firm?
What will be an ideal response?