Suppose it costs a family $20,000 to live in 1987 and costs $50,000 to live today. If 1987 was the base year, how much is the CPI today?
A. 100
B. 200
C. 250
D. 500
E. 750
C. 250
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In general, it is easier to negotiate the purchase of noncontiguous parcels of land than it is to negotiate the purchase of similar land parcels that are contiguous
Indicate whether the statement is true or false
Consumer will always consume more of a good if their income increases
a. True b. False Indicate whether the statement is true or false
Figure 10-8
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Figure 10-8 illustrates a period of
A. low unemployment and high inflation. B. low unemployment and low inflation. C. high unemployment and high inflation. D. high unemployment and low inflation.
An asset that can be converted quickly into cash at a low transaction cost is known as
A. a liquid asset. B. deposits. C. credit card D. None of the above is correct.