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In year 1 the CPI is 140.1, and in year 2 the CPI is 148.9….

Posted on: August 7, 2025 Last updated on: December 8, 2025 Written by: Anonymous
In year 1 the CPI is 140.1, and in year 2 the CPI is 148.9. If Sarah’s salary was $33,500 in year 1, what salary in year 2 would cause her to exactly “keep up with inflation”?
Continue reading “In year 1 the CPI is 140.1, and in year 2 the CPI is 148.9….”…

Is it possible for a country with a relatively large GDP to…

Posted on: August 7, 2025 Last updated on: December 8, 2025 Written by: Anonymous
Is it possible for a country with a relatively large GDP to have a relatively small per-capita GDP?
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The CPI in 1975 equaled 0.54. The CPI in 1976 equaled 0.57….

Posted on: August 7, 2025 Last updated on: December 8, 2025 Written by: Anonymous
The CPI in 1975 equaled 0.54. The CPI in 1976 equaled 0.57. The rate of inflation between 1975 and 1976 was ____ percent.
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Real GDP equals

Posted on: August 7, 2025 Last updated on: August 7, 2025 Written by: Anonymous
Real GDP equals
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In general, when the demand curve shifts to the right and su…

Posted on: August 7, 2025 Last updated on: December 8, 2025 Written by: Anonymous
In general, when the demand curve shifts to the right and supply remains constant then 
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If the frictional rate of unemployment equals 3%, the struct…

Posted on: August 7, 2025 Last updated on: December 8, 2025 Written by: Anonymous
If the frictional rate of unemployment equals 3%, the structural rate of unemployment equals 4%, and the cyclical rate of unemployment equals 2%, then the natural rate of unemployment equals:
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Babe Ruth’s 1931 salary was $80,000.  Government statistics…

Posted on: August 7, 2025 Last updated on: December 8, 2025 Written by: Anonymous
Babe Ruth’s 1931 salary was $80,000.  Government statistics show a consumer price index of 15.2 for 1931 and 214.5 for 2009.  Ruth’s 1931 salary was equivalent to a 2009 salary of about
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The following data give the dates of successive turning poin…

Posted on: August 7, 2025 Last updated on: August 7, 2025 Written by: Anonymous
The following data give the dates of successive turning points in U.S. economic activity and the corresponding levels of real GDP at their time:Which of the following periods is a recession?
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What might cause a rightward shift of the supply curve? 

Posted on: August 7, 2025 Last updated on: August 7, 2025 Written by: Anonymous
What might cause a rightward shift of the supply curve? 
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If the value of money equals 1/8, the price level equals:   …

Posted on: August 7, 2025 Last updated on: August 7, 2025 Written by: Anonymous
If the value of money equals 1/8, the price level equals:     
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