If the basket of goods purchased by the typical consumer costs $188.80 this year and it cost $160 in the base year, prices have risen ________ since the base year

If Europe and the United States were the only two regions in the world, then U.S. residents might desire to buy euros for all except one of the following reasons. Which is the exception?

a. to invest in Europe b. to buy European goods c. to improve the U.S. balance of payments d. to make loans in Europe e. to buy European stocks

If there is an unanticipated increase in aggregate demand, which of the following is most likely to occur?

a. a reduction in the price level b. an increase in the rate of unemployment c. an increase in employment d. an expansion in the federal budget deficit