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Author Question: Consumers in a country buy only two goods, sneakers and manicures. The prices and quantities ... (Read 30 times)

chads108

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on: Jun 30, 2018
Consumers in a country buy only two goods, sneakers and manicures. The prices and quantities purchased by urban households are in the table above. The reference base year is 2011. For these data, the CPI for 2011 is
 
  A) 110. B) 3. C) 145. D) 160. E) 100.

Question 2

Assuming all excess reserves are loaned out, if the reserve ratio is 25 percent, the money multiplier will be equal to
 
  A) 0.5. B) 2.5. C) 4. D) 5.


janeli1

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Reply #1 on: Jun 30, 2018
Answer to Question 1

E

Answer to Question 2

C


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