The inflation rate in a particular country between 2000 and 2005 was 4.5 percent. This implies that the total cost of purchasing a basket of goods was $450 in 2000 and_____ in 2005
a. $470.25
b. $20.25
c. $407.25
d. $200.45
a
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A decrease in the price level
A) shifts the AD curve to the right. B) shifts the AD curve to the left. C) causes an upward movement along the existing AD curve. D) causes a downward movement along the existing AD curve. E) none of the above
Property taxes are the main source of funding for public schools.
Answer the following statement true (T) or false (F)
What does the phrase "jobless recovery" refer to?
A. It refers to a recovery from a recession which does not produce strong growth in employment. B. It refers to a situation in which rising productivity has made it possible for firms to reduce their workforce and increase output at the same time. C. It refers to the phenomenon where U.S. firms move their production abroad, thereby destroying jobs in the domestic market and creating new jobs in foreign markets. D. It refers to a situation in which a worker's real wage falls despite increases in productivity.
Refer to the information provided in Figure 2.5 below to answer the question(s) that follow.
Figure 2.5Refer to Figure 2.5. The best point for society would be
A. either Point B or Point C, as the total amount being produced at either of these points is approximately the same. B. at any of the labeled points, as all of the points represent an efficient allocation of resources. C. Point C, as at this point there are approximately equal amounts of LCD and OLED televisions being produced. D. indeterminate from this information, as we don't have any information about the society's desires.