In the typical CPI shopping basket, which of the categories below represents the largest percentage of consumer spending?
a. housing
b. food & beverages
c. transportation
d. medical care
a
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Use the following table to answer the question below. Units ConsumedTotal UtilityMarginal Utility00-1W20235X3Y10440ZThe value for Z is
A. -10. B. -5. C. 5. D. zero.
In 1995, the United States threatened to impose 100 percent tariffs on ________ from ________ if it didn't loosen its protectionist policies
A) light trucks; Germany B) brandies; France C) auto parts; Japan D) luxury cars; Japan
A reverse Phillips Curve would consist of a
A) positive relationship between deviations from trend in real and nominal interest rates. B) negative relationship between deviations from trend in real and nominal interest rates. C) positive relationship between deviations from trend in the level of prices and the level of aggregate economic activity. D) negative relationship between deviations from trend in the level of prices and the level of aggregate economic activity.
The percentage of our population below the poverty line is about _____%.
Fill in the blank(s) with the appropriate word(s).