Refer to Table 9-3. Assume the market basket for the consumer price index has three products – Cokes, hamburgers, and CDs – with the following values in 2013 and 2018 for price and quantity: The Consumer Price Index for 2018 equals

An increase in ________ shifts the production function ________, and makes it possible to produce a higher level of GDP with ________ capital per hour worked.

If GDP grows at a rate of 3% per year, approximately how long will it take for GDP to double in size?

If GDP grows at a rate of 3% per year, approximately how long will it take for GDP to double in size?

Refer to Table 9-17. Looking at the table above, real average hourly earnings in 2018 were

Refer to Table 9-17. Looking at the table above, real average hourly earnings in 2018 were

During the expansion phase of the business cycle, which of the following eventually increases?

When production in an economy grows more quickly than the population in that economy, which of the following must be occurring?

Refer to Table 9-19. Looking at the table above, what is the rate of growth of the average price level from 2016 to 2017?

Refer to Table 9-19. Looking at the table above, what is the rate of growth of the average price level from 2016 to 2017?