« previous next »

Author Question: If the CPI is currently 202, what does this tell you about inflation between last year and this ... (Read 30 times)

CharlieWard

  • Hero Member
  • *****
  • Posts: 578
on: Jun 29, 2018
If the CPI is currently 202, what does this tell you about inflation between last year and this year?
 
  A) Inflation in the economy between this year and last year was 2.
  B) There was deflation in the economy between this year and last year.
  C) The CPI measures only the level of prices in a given year, not the percentage change in prices from one year to the next.
  D) Inflation in the economy between this year and last year was 102.

Question 2

Consider the following T-account for a bank:
 
  Assets Liabilities
  Reserves 1,000 Deposits 5,000
  Loans 4,000
 
  If the required reserve ratio is 20 percent and the bank is holding no excess reserves, the bank at this point can make no more loans.


ecox1012

  • Sr. Member
  • ****
  • Posts: 344
Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

TRUE


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Stroke kills people from all ethnic backgrounds, but the people at highest risk for fatal strokes are: black men, black women, Asian men, white men, and white women.

Did you know?

Although not all of the following muscle groups are commonly used, intramuscular injections may be given into the abdominals, biceps, calves, deltoids, gluteals, laterals, pectorals, quadriceps, trapezoids, and triceps.

Did you know?

The B-complex vitamins and vitamin C are not stored in the body and must be replaced each day.

Did you know?

In women, pharmacodynamic differences include increased sensitivity to (and increased effectiveness of) beta-blockers, opioids, selective serotonin reuptake inhibitors, and typical antipsychotics.

Did you know?

There are immediate benefits of chiropractic adjustments that are visible via magnetic resonance imaging (MRI). It shows that spinal manipulation therapy is effective in decreasing pain and increasing the gaps between the vertebrae, reducing pressure that leads to pain.

The Black Death spread over much of Europe in a three-year period in the middle of the fourteenth ce The Black Death spread over much of Europe in a three-year period in the middle of the fourteenth ce
Eighteen-year-olds were the largest age cohort in the first year of the war in both armies. Soldiers Eighteen-year-olds were the largest age cohort in the first year of the war in both armies. Soldiers
Foods for Baby’s First Year Foods for Baby’s First Year
essay on friendship written by a 10-year-old essay on friendship written by a 10-year-old
Chinese new year 2023 Chinese new year 2023
No payments were made on a $2,598 loan during its three-year term. What was the annually ... No payments were made on a $2,598 loan during its three-year term. What was the annually ...
Video: Baroreceptor Reflex

For a complete list of videos, visit our video library