Suppose that a price index in Paraguay was 131 in 2015 and 152 in 2016. The inflation rate between those two years was approximately
A) 10.5 percent. B) 11.6 percent. C) 16 percent. D) 21 percent.
C
You might also like to view...
Contractual savings institutions include
A) mutual savings banks. B) money market mutual funds. C) commercial banks. D) life insurance companies.
In recent decades, the union-nonunion hourly wage differential has
A) increased substantially. B) increased slightly. C) stayed the same. D) fallen significantly.
One timing problem with fiscal policy to counter a recession is an "administrative lag" that occurs between the:
A. start of the recession and the time it takes to recognize that the recession has started. B. time the need for the fiscal action is recognized and the time that the action is taken. C. end of the recession and the time it takes to recognize that the recession has ended. D. time fiscal action is taken and the time that the action has its effect on the economy.
Refer to Figure 5-1. The market equilibrium price is
A) $60. B) $50. C) $40. D) < $40.