According to the CPI basket, the largest item in the households' budgets is ?

In economies with effective accounting standards and low-cost, reliable information, ________

A) banks become less dominant among intermediaries B) the tyranny of collateral is particularly intense C) funds are available only for activities involving little or no risk D) restrictive covenants are difficult to enforce

What is the name and make-up of the policymaking group that has the authority to conduct open market operations? Describe how the use of open market operations helps to increase or decrease the money supply

Costume jewelry is produced in a monopolistically competitive market. One producer finds that MR = MC = $3 when output is 700 necklaces. An economist studying this information can conclude that:

A. the producer is charging a price of $3. B. economic profit is $2,100. C. the producer charges a price greater than $3. D. new firms will want to enter.

Suppose the MPC in an economy is 0.9. The APC is initially 0.95 and disposable income is $4 billion. If disposable income increases to $14 billion, what is the new level of consumption?

A. $12.8 billion. B. $12.6 billion. C. $13.3 billion. D. $9 billion.