If prices have risen 220 percent since the base year, the current level of the CPI is
A. 20.
B. 120.
C. 220.
D. 320.
D. 320.
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Among the following MPC values, which one would have the highest multiplier effect?
a. 1/3 b. 2/3 c. 3/4 d. 2/5
Knowing how to translate between present and future value can be useful when:
A. the benefits and opportunity cost occur at different times. B. there are no benefits and costs. C. there are benefits and costs occurring at the same time. D. the current costs are higher than the present benefits.
The deregulation of the long distance trucking, long distance phone calling, banking, and the airline industries was carried out under Presidents ___________ and ___________.
Fill in the blank(s) with the appropriate word(s).
If the price of butter increases, the demand for margarine
A. will shift outward. B. will kink into an S-curve. C. will shift inward. D. will be unchanged.