If the PCE deflator increased from 88 to 99 in one year, the rate of consumer inflation is:
A. 10.0 percent.
B. 12.5 percent.
C. 13.4 percent.
D. 11.0 percent.
Answer: B
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Governments around the world tend to auction quota licenses
A) never. B) seldom. C) often. D) always.
Assume both the marginal cost and the average variable cost curves are U-shaped. At the minimum point on the AVC curve, marginal cost must be: a. greater than the average variable cost. b. less than the average variable cost
c. equal to the average variable cost. d. at its minimum.
If the marginal propensity to save (MPS) is 0.50, the value of the spending multiplier is:
a. 1. b. 2. c. 4. d. 9.
A decrease in price of a certain good most likely will lead to
a. an increase in quantity demanded and an increase in demand. b. an increase in quantity demanded but no change in demand. c. an increase in demand but no change in quantity demanded. d. no change in demand and no change in quantity demanded.