The formula for a real percentage change is
A. the nominal percentage change plus the inflation rate.
B. the nominal percentage change multiplied by the inflation rate.
C. the nominal percentage change minus the inflation rate.
D. the nominal percentage change divided by the inflation rate.
Answer: C
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The proliferation of the horse in the 17th century caused Great Plains Indians to:
a. increase their reliance on agricultural work. b. engage in less tribal warfare. c. use smaller and more independent hunting groups. d. kill fewer bison, but make more intensive use of the meat on the carcass.
What are the functions of money?
If income is distributed equally in a society, the poorest fifth of the population receives
A. 5 percent of the total income. B. one-fifth as much as the richest fifth of the population. C. 20 percent of society’s total income. D. 50 percent of society’s total income.
Suppose the Fed makes a $5 million discount loan to a bank. Illustrate how this affects the balance sheets of the Fed and the banking system
What will be an ideal response?