If the consumer price index was 100 in the base year and 106 in the following year, then the inflation rate was
a. 1.06 percent.
b. 6 percent.
c. 10.6 percent.
d. 106 percent.
b
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In 2015, health care's share of gross domestic product in the United States was about
A) 6.5 percent. B) 18 percent. C) 45 percent. D) 62.5 percent.
Suppose that American firms claim that protectionism in Canada is on the rise as the Canadian government attempts to protect its infant industries. This protectionism will cause the greatest harm to
A) Canadian manufacturers. B) manufacturers who export to Canada. C) the Canadian government. D) Canadian consumers.
What are internal labor markets and what is an important characteristic of these markets?
What will be an ideal response?
First National Bank (FNB) has a reserve ratio of 20 percent, a required reserve ratio of 10 percent, and deposits of $1,000 . If FNB receives an additional deposit of $100,
a. then it has required reserves of $210 and holds excess reserves of $10. b. then it has required reserves of $10 and holds excess reserves of $20. c. then it has required reserves of $110 and holds excess reserves of $190. d. then it has required reserves of $110 and holds excess reserves of $0.