The process of bringing together buyers and sellers in a market is called:
A. equilibrium.
B. intermediation.
C. the invisible hand.
D. supply and demand.
Answer: B
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The CPI for 2012 was 121, and for 2013 it was 132. What was the inflation rate between 2012 and 2013?
A) 9.09 percent B) 11 percent C) 10 percent D) 8.3 percent E) 121.0 percent
The nominal exchange rate is 3 Malaysian ringgits per dollar. The real exchange rate is 8/5 . If a Big Mac costs 7.5 ringgits in Malaysia, how much does a Big Mac cost in the U.S.? Show your work
Refer to the figure below. What might cause shift from the original supply curve to the new supply curve? 
A. A news report that coffee consumption increases longevity. B. A new technology that reduces amount of coffee beans needed to make a good cup of coffee. C. A storm in that wipes out a large part of the coffee crop. D. An increase in the price of tea.
Refer to the graph below. One U.S. dollar will purchase how many euros?
Assume that U.S. and European governments adopt a system of flexible exchange rates, and the figure below shows the market for euros.
A. 0.90 euro
B. 1.00 euro
C. 1.11 euro
D. 1.90 euro