The urban consumers that the CPI is based on includes:
A. institutionalized persons.
B. incarcerated persons.
C. persons in the military.
D. the CPI does not include any of these.
D. the CPI does not include any of these.
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Sustained growth refers to a growth process:
A) where growth in GDP per capita is attributed primarily to public sector firms and enterprises. B) where GDP per capita grows at a positive and steady rate for long periods of time. C) where growth in GDP per capita is translated into equal increase in welfare for all citizens in the country. D) where GDP per capita grows at a rate of more than 20% per year for long periods of time.
C/D is the currency drain ratio and R/D is the desired reserve ratio. The money multiplier equals
A) . B) . C) . D) . E) .
Suppose in Country X, anticipating high inflation in the economy, wages of workers are increased in the beginning of a financial year. However, prices remain unchanged during the year. Everything else remaining constant, which of the following will be observed in this economy?
a. The cost of labor, that is the real wage will decline b. The current profits of the firm will rise c. Aggregate supply in the economy will increase d. Annual production in the economy will remain unaffected e. The aggregate supply curve will move to the left
If government increases its purchases by $20 billion and the MPC = 0.9, the resulting increase in the consumption component of AD is: a. $2 billion
b. $18 billion. c. $180 billion. d. $200 billion.