Suppose there are only two goods (Good A and Good B) and the average person buys 4 of Good A in a year and 3 of Good B. If, in the base year, the Price of Good A is $5 and the Price of Good B is $10, and in the next year the Price of Good A is $6 and the Price of Good B is $9, the inflation that occurred in the second year is
A. 20%.
B. 10%.
C. 100%.
D. 50%.
Answer: B
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The U.S. Constitution
A. prohibits tariffs on trade between Arkansas and New York but allows tariffs on trade between Hawaii and Alaska. B. prohibits tariffs on all trade. C. allows tariffs on trade with other countries, but not on trade between the states. D. allows tariffs only on goods purchased from the communist nations.
A risky small business stands the best chance of finding external financing from
A) a commercial finance company. B) a commercial bank. C) an investment bank. D) trade credit.
As the size of a tax increases, the government's tax revenue rises, then falls
a. True b. False Indicate whether the statement is true or false
Federal Reserve notes function effectively as money in the United States today because
What will be an ideal response?