Consumer Price Index (CPI)
What will be an ideal response?
measures the changes in the average price of consumer goods and services
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List four reasons why people save
What will be an ideal response?
Based on the transactions in the above table, what is the change in the U.S. capital account?
A) $9,800 B) $10,000 C) -$20,000 D) -$20,200
An import quota on a product normally does all of the following except
a. reduces the volume of that product traded. b. raises the price in the importing country. c. increases the price everywhere. d. reduces the price in the exporting country.
Which of the following is not a function of the Federal Reserve System?
a. Setting the required reserve ratio b. Establishing the prime lending rate c. Clearing checks d. Regulating banking activity e. Controlling the money supply.