If the CPI for this year is 220 and the CPI for last year was 215, the inflation rate is
A) just over 2 percent.
B) 5 percent.
C) just over 5 percent.
D) 10 percent.
A
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The key concept in the new classical approach to the aggregate supply curve is
A) the impact of imperfect information on business decisions. B) the impact of changes in the price level on real balances. C) the inverse relationship between the real interest rate and desired investment spending. D) the crowding out of investment spending by government spending.
Which of the following will shift today's supply curve to the right?
A) Input prices rise. B) Sales taxes increase. C) Prices are expected to be higher in the future. D) Prices are expected to be lower in the future.
Recall the scenario from the text: The city of Logan Square needs $40 million for a network of streetlights. There are 20,000 residents in the Logan Square neighborhood, meaning the cost for each resident is $2,000 . Psychiatrist Denise Miller refuses to donate $2,000 towards the project. This is an example of the problems encountered with
a. consumer goods b. capital goods c. rival goods d. public goods e. private goods
If Americans develop a greater appreciation for Mexican-made goods, we should observe the following change(s) in the U.S. dollar-peso market:
A. the demand curve for dollars shifts right. B. a movement down the supply curve of dollars. C. the supply curve of dollars shifts left. D. the demand curve for pesos shifts right.