A country reports the total expenditures on the fixed CPI basket for the past three years
The cost of the CPI basket in 2010 was $23,000, the cost of the CPI basket for the reference base period, 2011, was $23,805, and the cost of the CPI basket in 2012 was $24,500. The CPI for 2010 is A) 96.6.
B) 100.0.
C) 103.5.
D) 106.5.
E) 23.0.
A
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Answer the following statement(s) true (T) or false (F)
1. If the legal incidence of a tax is entirely on suppliers, then the tax will have no economic effect on demanders. 2. An excise tax of 20 cents on gasoline shifts demand down by exactly 20 cents. 3. When a sales tax of 20¢ per soda is imposed on soda consumption, the supply curve for soda shifts down by precisely 20¢ per soda. 4. If a rise in supply and a rise in demand occur at the same time, then we know that the price must also rise. 5. If a fall in supply and a rise in demand occur at the same time, then we know that the price must also rise.
What can the Federal Reserve do to increase the natural rate of unemployment?
A) nothing B) follow contractionary monetary policy that will increase inflation C) follow contractionary monetary policy that will reduce inflation D) follow expansionary monetary policy that will increase inflation
Lara will agree to a second date with Tom only if, on their first date, Tom is well mannered and well dressed. Lara is using a
a. Screening mechanism b. Signaling mechanism c. All of the above d. None of the above
Refer to the information provided in Figure 4.6 below to answer the question(s) that follow.Equilibrium in this market occurs at the intersection of curves S and D.
Figure 4.6Refer to Figure 4.6. If price goes from equilibrium to P1, producer surplus changes by the area
A. C + E B. E - C. C. B - F. D. E + F.