Refer to the information provided in Table 22.5 below to answer the question(s) that follow.
Table 22.5
Refer to Table 22.5. If 2014 is the base year, the inflation rate between 2014 and 2015 is
A. 3.9%.
B. 6.1%.
C. 7.4%.
D. 10.2%.
Answer: B
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We would expect the euro to appreciate when there is a __________ shift in the euro demand curve or a __________ shift in the euro supply curve
A) rightward; rightward B) rightward; leftward C) leftward; rightward D) leftward; leftward
The central bank of a country had, for a time, focused so strongly on reducing inflation that the level of unemployment increased beyond control. Currently, the central bank focuses so strongly on controlling unemployment that the inflation rate has increased. The main problem faced by the central bank is _____
a. it only focuses on a single factor b. it overestimates the inflation rate c. it does not consider the presence of disguised employment d. it is easily influenced by large business houses
If the marginal propensity to consume is 4/5, then a decrease in government spending of $1 billion decreases the demand for goods and services by $5 billion
a. True b. False Indicate whether the statement is true or false
Money grows faster than real GDP will result ____, while money grows slower than real GDP will result ____.
What will be an ideal response?