Between 2000 and 2015, the average rate of inflation for all goods was 2.2 percent. Which goods experienced relative price decreases during that same period?
A. Any goods with negative inflation rates or positive inflation rates higher than 2.2 percent
B. Any goods with negative inflation rates only
C. Any goods with positive inflation rates higher than 2.2 percent only
D. Any goods with negative inflation rates or positive inflation rates lower than 2.2 percent
Answer: D
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An implication of the return-to-entrepreneurship curve is that:
A) for a relatively lower return, there will be more entrepreneurs with at least that return. B) all entrepreneurs in an economy with inclusive institutions have exactly the same return. C) all entrepreneurs in an economy with extractive institutions have exactly the same return. D) for a relatively lower return, there will be fewer entrepreneurs with at least that return.
In the current year, the CPI is 160 and during the previous year the CPI was 181. The inflation rate between these years is
A) 11.6 percent. B) -13.1 percent C) -013.1 percent. D) -11.6 percent. E) 13.1 percent.
Which of the following is the most effective tool used by the Fed?
a. Converting state-chartered banks to nationally-chartered banks b. Shifting deposits from one District Fed to another c. Producing currency to increase the money supply d. Using the federal funds market e. Open market operations
Egypt has exports of $500 million and imports of $750 million. Egypt
a. sells more overseas then it buys from overseas; it has a trade deficit. b. sells more overseas then it buys from overseas; it has a trade surplus. c. buys more from overseas then it sells overseas; it has a trade deficit. d. buys more from overseas then it sells overseas; it has a trade surplus.