Using the information in Table 6.2, the inflation rate from 2015 to 2016 is about
A) 4 percent. B) 5 percent. C) 17 percent. D) 31 percent.
A
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The science of economics is a finished jewel, perfect and unchanging
a. True b. False Indicate whether the statement is true or false
The purchasing power parity theory of exchange rate determination states that
A. in the short run, rates will adjust to parity. B. in the long run, the rate reflects differences in price levels between the two countries. C. in the long run, a government agency sets the rate at parity. D. in the short run, the cost of labor really sets the exchange rate.
"Effective demand" represents which of the following?
A) money demand B) demand for exports C) domestic demand D) the demand for labor E) aggregate demand
If the price of a slice of pizza falls, Tom can
A. buy more pizza with his paycheck. B. buy fewer soft drinks with his paycheck. C. no longer afford pizza on his paycheck. D. Either A or B is possible.