If the CPI was 132.5 at the end of last year and 137.5 at the end of this year, the inflation rate over these two years was
A) 3.6 percent.
B) 3.8 percent.
C) 5.0 percent.
D) None of the above answers is correct.
B
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The gap that exists when equilibrium real GDP is less than full-employment real GDP is
A) the short-run aggregate supply curve. B) money illusion. C) an inflationary ga
Father-only single parent families have a poverty rate that is about equal to the national average poverty rate
Indicate whether the statement is true or false
Anna's Antiques expects to get two bidders for the unique china teacup it sells. Each of the bidders can either have a high-value of $100 or a low-value of $70 with equal probability. If Anna receives $70 from the auction, she can infer that
a. Both the bidders were high value bidders b. Both the bidders were low value bidders c. One of the bidders was high value, while the other was low value d. All of the above
Recall the Application about how Greek citizens began to hold large amounts of cash in 2015 to answer the following question(s). According to this Application, residents of Greece in 2015 ________ withdrawals of funds from their banks in order to hold ________ cash.
A. increased; less B. increased; more C. decreased; less D. decreased; more