Refer to Figure 13-4. Given the economy is at point A in year 1, what is the inflation rate between year 1 and year 2?
A) 0.9% B) 1.8% C) 2.7% D) 3.0%
B
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In game in Scenario 13.8, what will occur if IVY Corp plays a maximin strategy?
A) $1, $10 B) $1, -$5000 C) $2, $0 D) $2, $2 E) There is a .25 chance of each outcome in that case.
In the U.S., health care may be expensive, but Americans enjoy the longest life-expectancy of any nation
a. True b. False Indicate whether the statement is true or false
If Americans develop a greater appreciation for Mexican-made goods, we should observe the following change(s) in the U.S. dollar-peso market:
A. the demand curve for dollars shifts right. B. a movement down the supply curve of dollars. C. the supply curve of dollars shifts left. D. the demand curve for pesos shifts right.
If the amount of money in circulation is $180 billion and the value of the economy's total output is $540 billion, then the:
A. circulation period of money must be one-fourth of a year. B. velocity of money is 4. C. average price per final good sold is $3. D. velocity of money is 3.