Which of the following is included in the study of macroeconomics?
a. Salaries of college professors. b. Computer prices.
c. Unemployment in the nation. d. Silver prices.
c
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A year's tuition at a state university cost $250 in 1972 when the CPI equaled 0.418. The cost of a year's tuition at the same state university cost $8,000 in 2016 when the CPI equaled 2.40. The real cost of tuition between 1972 and 2016:
A. may have either increased or decreased. B. remained constant. C. increased. D. decreased.
A price ceiling is
A. the lowest price a buyer can pay for a good without having to report the purchase to the government. B. a legal maximum price that can be charged for a particular good or service. C. the lowest price a seller can charge for a good without losing all her customers. D. a legal minimum price that can be charged for a particular good or service.