If the CPI was 160 in 2008 and 40 in 2005, the cost of living was:
What will be an ideal response?
four times higher
Economics
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The CPI for 2012 was 121, and for 2013 it was 132. What was the inflation rate between 2012 and 2013?
A) 9.09 percent B) 11 percent C) 10 percent D) 8.3 percent E) 121.0 percent
Economics
If the required reserve ratio was 1, the demand deposit expansion multiplier would be
A) 0. B) 1. C) 1.2. D) 5.
Economics