(Table: Consumer Price Index) Refer to the CPI values in the table for the years 2005 to 2010. In which year(s) did the country experience disinflation?
What will be an ideal response?
booth 2007 and 2009
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Which of the following is true of the aggregate demand curve?
a. The aggregate demand curve shows the various levels of expenditures in the economy at alternative price levels. b. The aggregate demand curve implies a positive relationship between inflation and unemployment. c. The aggregate demand curve is identical to the income consumption curve. d. The aggregate demand curve has the same slope as the aggregate supply curve. e. The aggregate demand curve relates relative prices to the quantity demanded of a particular good.
The discount rate's main significance is that: a. changes in the rate are commonly viewed as a signal of the Fed's intentions with respect to monetary policy. b. changes in the rate are a sign that monetary policy has swung strongly in a new direction
c. it can be done quietly, without a lot of political debate or a public announcement. d. a small change in the rate can make a huge change in the number of dollars that are in excess reserves in banks all over the country.
Which of the following is a property of a typical indifference curve?
a. upward sloping b. bowed away from the origin c. does not intersect another indifference curve d. a higher one is preferred to a lower one
When net exports are negative, there is a trade ___________.
Fill in the blank(s) with the appropriate word(s).