Suppose the local university charges $85 per credit hour. If tuition increases from $85 to $93 per credit hour, using the midpoint method, what is the percentage change in price?
A) 8.99 percent
B) 8.00 percent
C) 9.41 percent
D) 8.62 percent
E) 9.12 percent
A
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The self-correcting tendency of the economy means that rising inflation eventually eliminates:
A. unemployment. B. exogenous spending. C. recessionary gaps. D. expansionary gaps.
Which of the following is a service of depository institutions?
A) decreasing the liquidity drain of funds in the banking system B) monitoring the Federal Reserve C) pooling risk D) loaning funds to other depository institutions at the discount rate
In the open-economy macroeconomic model which of the following falls if there is an increase in the budget deficit?
a. the interest rate b. net exports c. the exchange rate d. All of the above are correct.
In the AD-AS model with a long-run potential growth rate of 2%, a 6 percentage point increase in the money supply growth rate will cause the economy's growth rate to be _____ in the long run.
What will be an ideal response?