Suppose the market basket consists of 100X, 200Y, and 300Z. Current-year prices are $5 for each unit of X, $2 for each unit of Y, and $3 for each unit of Z. Base-year prices are $2 for each unit of X, Y, and Z. What is the approximate CPI in the current year?

An increase in money supply causes the real interest rate to ________ and output to ________ in the short run, before prices adjust to restore equilibrium

A) rise; rise B) rise; fall C) fall; rise D) fall; fall

Which of the following is one of the reasons for declining union membership in the United States?

A) Much of the unskilled, nonunionized work in the United States is done by immigrant workers who are undocumented. B) The AFL-CIO merger and creation of the Change to Win Federation reduced competition among unions. C) the repeal of the Taft-Hartley Act D) Labor force participation by women has decreased.