Monthly expenditures for a family of 4 in 2017 averaged $1,400. In 2018, the cost of the same purchases was $1,500. If 2017 is the base year, what was the CPI in 2018?
A) 110
B) 107
C) 100
D) 93
Ans: B) 107
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Under a gold standard in which one dollar could be turned in to the U.S
Treasury and exchanged for 1/20th of an ounce of gold and one German mark could be exchanged for 1/100th of an ounce of gold, an exchange rate of ________ marks to the dollar would stimulate a flow of gold from the United States to Germany. A) 7 B) 6 C) 5 D) 4
In general, the multiplier effect applies to changes in government spending but not to changes in taxation
a. True b. False Indicate whether the statement is true or false
Between 1900 and the mid-1970s the average workweek fell from ____ hours to less than ____ hours.
Fill in the blank(s) with the appropriate word(s).
ALCOA was found guilty of violating the antitrust statutes in 1945 because it:
A. forced competing firms out of business with unfair business practices. B. used its knowledge of the market to expand its capacity before any competitors had a chance to enter the market. C. had engaged in unfair pricing practices. D. exploited its monopoly power to charge high prices.