If the CPI at the end of last year was 100 and the CPI at the end of this year was 115, the inflation rate was
A) 1.5 percent.
B) 15 percent.
C) 100 percent.
D) 115 percent.
B
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Increases in deficit spending may be accompanied by
A. An increase in U.S. exports. B. A shift of the Aggregate supply curve to the right. C. A shift of the Aggregate demand curve to the right. D. The U.S. Treasury buying more bonds.
As the unemployment rate falls,
A) the proportion of the unemployed finding a job increases. B) the separation rate increases. C) the young and unskilled experience larger-than-average decreases in unemployment. D) both A and C. E) all of the above
An economy recovering from a recession moves
A. down from its peak to a period of expansion. B. down from its trough to a period of depression. C. up from its trough to a period of expansion. D. up from its peak to a period of expansion.
Suppose that someone deposits $10,000 into a bank. Assuming a reserve requirement ratio of 20 percent, what will be the eventual increase in checking account balances?
What will be an ideal response?