Which of the following changes in the price index produces the greatest rate of inflation: 80 to 100, 100 to 120, or 150 to 170?
a. 80 to 100
b. 100 to 120
c. 150 to 170
d. All of these changes produce the same rate of inflation.
a
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Adam Smith argued that government's role in society would be to do absolutely nothing. True or False.
Use the figure below to answer the following question.
If actual production and consumption occur at Q2
A. missing surplus of a + b + c + d occurs. B. economic surplus is maximized. C. missing surplus of e + f occurs. D. missing surplus of a + c occurs.
Individuals cannot be excluded from consuming a public good
Indicate whether the statement is true or false
If reserves equal $29 million and vault cash equals $29 million, it follows that
A) bank deposits at the Federal Reserve equal $29 million. B) currency in the hands of the public equals $29 million. C) excess reserves equal $10 million. D) bank deposits at the Federal Reserve equal $0. E) There is not enough information to answer the question.