This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Refer to Table 20-10. Suppose an economy has only three goods and the typical family purchases the ... (Read 69 times)

strangeaffliction

  • Hero Member
  • *****
  • Posts: 660
on: Jun 29, 2018
Refer to Table 20-10. Suppose an economy has only three goods and the typical family purchases the amounts given in the table above. If 2011 is the base year, then what is the CPI for 2016?
 
  A) 14.3 B) 87.5 C) 114.3 D) 160

Question 2

Refer to Figure 28-2. Suppose the economy is at point A. The Fed uses expansionary monetary policy to lower the unemployment rate permanently below the level associated with A. Which of the following will occur?
 
  A) Inflationary expectations will decline. B) Unemployment will rise above the natural rate.
  C) Unemployment will accelerate in the long run. D) Inflation will accelerate in the long run.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

ebonylittles

  • Sr. Member
  • ****
  • Posts: 318
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

D


strangeaffliction

  • Member
  • Posts: 660
Reply 2 on: Jun 29, 2018
:D TYSM

phuda

  • Member
  • Posts: 348
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

There are 60,000 miles of blood vessels in every adult human.

Did you know?

Though methadone is often used to treat dependency on other opioids, the drug itself can be abused. Crushing or snorting methadone can achieve the opiate "rush" desired by addicts. Improper use such as these can lead to a dangerous dependency on methadone. This drug now accounts for nearly one-third of opioid-related deaths.

Did you know?

The average person is easily confused by the terms pharmaceutics and pharmacology, thinking they are one and the same. Whereas pharmaceutics is the science of preparing and dispensing drugs (otherwise known as the science of pharmacy), pharmacology is the study of medications.

Did you know?

Many medications that are used to treat infertility are injected subcutaneously. This is easy to do using the anterior abdomen as the site of injection but avoiding the area directly around the belly button.

Did you know?

Asthma cases in Americans are about 75% higher today than they were in 1980.

Changes in boreal forest composition along a chronosequence in Quebec. Dates refer to the year of th Changes in boreal forest composition along a chronosequence in Quebec. Dates refer to the year of th
Typical computer-controlled diesel engine fuel injectors. Typical computer-controlled diesel engine fuel injectors.
A typical ignition switch showing all of the electrical terminals after the connector has been ... A typical ignition switch showing all of the electrical terminals after the connector has been ...
Knead the calf muscles with both hands. Place the foot flat on the table, knee bent. Reach behind ... Knead the calf muscles with both hands. Place the foot flat on the table, knee bent. Reach behind ...
Periodic table of the elements Periodic table of the elements
table table
Video: Osmosis - water transport

For a complete list of videos, visit our video library