Author Question: If inflation in Russia is higher than it is in the United States, A) the value of the dollar will ... (Read 105 times)

washai · **on:** Jun 29, 2018

If inflation in Russia is higher than it is in the United States,

A) the value of the dollar will rise in the long run.
B) the purchasing power of the ruble in buying Russian goods will rise relative to the dollar.
C) the value of the ruble will rise in the long run.
D) Both A and C are correct.

Question 2

Refer to Table 9-11. 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) 40.08 B) 100 C) 180 D) 208