Autonomous consumption is _________.
1,000
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At a constant rate of exchange between currencies, higher inflation makes domestic goods sold abroad ____expensive and, hence, ________ short-run equilibrium output.
A. more; decreases B. less; increases C. more; increases D. less; decreases
Refer to Exhibit 9-7. Which point is representative of the economy experiencing labor market surpluses?
Suppose that last year the Consumer Price Index was 124; this year it is 130.7. What was the inflation rate between these years?
A) 30.7 percent B) 6.7 percent C) 5.4 percent D) 5.1 percent
Population growth will most likely lead to increased bottled water demand, short-term
a. shortages, and a resultant price increase b. surpluses, and a resultant price increase c. shortages, and a resultant price decrease d. surpluses, and a resultant price decrease e. surpluses, and a resultant price decrease