If the Consumer Price Index last year was 110 and 115 this year, the inflation rate is approximately
A) 4.5 percent.
B) 5.0 percent.
C) 10.0 percent.
D) 15.0 percent.
A
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The figure above illustrates the current market for fast-food workers in Baltimore
a. Without any government intervention, what is the equilibrium wage rate and amount of employment? b. If the city government imposes a minimum wage of $3 an hour, what is the amount of employment? Does the minimum wage create any unemployment? Why or why not? c. If the city government imposes a minimum wage of $6 an hour, what is the amount of employment? Does the minimum wage create any unemployment? Why or why not?
Describe the effects of the reunification of eastern and western Germany in 1990 on both Germany and its neighboring European countries using the AA-DD framework
What will be an ideal response?
Recall the Application about the merger of Sirius Satellite Radio and XM Satellite Radio to answer the following question(s).Recall the Application. After the merger of Sirius Satellite Radio and XM Satellite Radio, the new firm, Sirius XM, would be classified as a:
A. natural monopoly. B. monopoly, but not a natural monopoly. C. public utility. D. duopoly.
The locus of points representing the minimum unit cost of producing any given rate of output is the
A) short-run average total cost curve. B) long-run marginal cost curve. C) short-run total cost curve. D) long-run average cost curve.