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”?
Is it possible for a country with a relatively large GDP to…
Is it possible for a country with a relatively large GDP to have a relatively small per-capita GDP?
The CPI in 1975 equaled 0.54. The CPI in 1976 equaled 0.57….
The CPI in 1975 equaled 0.54. The CPI in 1976 equaled 0.57. The rate of inflation between 1975 and 1976 was ____ percent.
Real GDP equals
Real GDP equals
In general, when the demand curve shifts to the right and su…
In general, when the demand curve shifts to the right and supply remains constant then
If the frictional rate of unemployment equals 3%, the struct…
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:
Babe Ruth’s 1931 salary was $80,000. Government statistics…
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
The following data give the dates of successive turning poin…
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?
What might cause a rightward shift of the supply curve?
What might cause a rightward shift of the supply curve?
If the value of money equals 1/8, the price level equals: …
If the value of money equals 1/8, the price level equals: