If the CPI was 122.3 at the end of last year and 124.5 at the end of this year, the inflation rate over these two years was
A) 1.8 percent.
B) 2.5 percent.
C) 22.5 percent.
D) 18.0 percent.
A
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Explain how mutual funds are advantageous to small investors.
What will be an ideal response?
According to the graph shown, if this economy were to open to trade, domestic producers would increase:
This graph demonstrates the domestic demand and supply for a good, as well as the world price for that good.
A. production by 75 units.
B. production by 35 units.
C. prices by $5.
D. prices by $11.
Which of the following is the best example of a change in the seller’s input prices?
a. The amount of sales tax increases. b. The fees charged by a law firm increase. c. The cost of factory labor increases. d. The price of sandwiches increases.
When there are unsustainable rapidly rising prices of some type of financial asset, such as stocks, we refer to this as a(n):
A. asset price bubble. B. bad-precedent problem. C. moral-hazard problem. D. liquidity trap.