If the GDP deflator rises from 185 to 190, what is the rate of inflation between the two years?
A) 270%
B) 50%
C) 5%
D) 2.7%
Answer: D
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The government collects tax revenues of $100 million and has $105 million in outlays. The budget balance is a
A) deficit of $5 million. B) surplus of $5 million. C) surplus of $100 million and a deficit of $105 million. D) deficit of $105 million. E) surplus of $105 million.
Coffee and donuts are complements in consumption. Suppose the economy expands so that consumer income increases, and coffee is a normal good
What impact does this change in the coffee market have on the donut market under a general equilibrium analysis? A) Donut demand shifts rightward and donut price and quantity increase B) Donut demand shifts rightward, donut price increases, and donut quantity declines C) Donut demand shifts leftward, donut price declines, and donut quantity increases D) Donut demand shifts leftward and donut price and quantity decline
What is full employment? What are the different kinds of unemployment? What constitutes the natural (normal) rate of unemployment?
What will be an ideal response?
Related to the Economics in Practice on page 239: All else equal, more highly educated people are ________ than those who have less education.
A. more likely to hold stock B. less likely to hold stock C. always going to earn more from investing in stock D. no more or no less likely to hold stock