If the total expenditures of a typical family equaled $35,000 per year in 2010 and the exact same basket of goods and services cost $40,000 in the year 2015, the family's cost of living:
A. increased by 14 percent.
B. decreased by 14 percent.
C. increased by 12.5 percent.
D. decreased by 12.5 percent.
Answer: A
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Which of the following does the U.S. currently have?
a. means-tested government benefits and tax laws that tax capital income only once b. means-tested government benefits and tax laws that tax some capital income twice c. tax laws that tax capital income only once, but not means-tested government benefits d. tax laws that tax some capital income twice, but not means-tested government benefits
Which of the following is NOT an appropriate role for government to play in the economy?
A. Addressing externalities B. Promoting free speech in marketing C. Redistributing income D. Regulating markets
Refer to the information provided in Figure 6.5 below to answer the question(s) that follow.
Figure 6.5Refer to Figure 6.5. Molly's budget constraint is BD. If the price of CDs decreases, her new budget constraint becomes
A. EF. B. AO. C. AD. D. CD.
Which of the following is not a type of time lag regarding monetary and fiscal policy?
A. reorganization lag B. recognition lag C. response lag D. implementation lag