Autonomous consumption is _________.
1,000
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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
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?
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