If the CPI in 2015 was 104 and the CPI in 2016 was 106, then the rate of inflation between 2015 and 2016 was
A. 1.89%.
B. 1.92%.
C. 2.0%.
D. 2.2%.
Answer: B
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An increase in government spending
What will be an ideal response?
When a minimum-wage law forces the wage to remain above the level that balances supply and demand, the quantity of labor supplied is lower and the quantity of labor demand is higher than at the equilibrium wage
a. True b. False Indicate whether the statement is true or false
An increase in income tax rates will
A) make it more expensive for an entrepreneur to purchase a tax deductible luxury automobile for business purposes. B) make it less expensive for a successful lawyer to attend a tax deductible professional meeting in Hawaii. C) improve the efficiency of resource use. D) increase the incentive of the spouse of a highly successful lawyer to work and earn additional income.
A share of Microsoft stock would best be described as which of the following?
A. A debt instrument B. An underlying instrument C. A means of payment D. A derivative instrument