Suppose that the consumer price index at year-end 2004 was 140 and by year-end 2005 had risen to 150. What was the inflation rate during 2005?

Refer to Table 1-4. Using marginal analysis, how many hours should Eva extend her bakery's hours of operations?

A) 2 hours B) 3 hours C) 4 hours D) 5 hours E) 6 hours

If a factory hires 1,000 new workers, the nation's output level is probably

a. increasing and unemployment is likely to increase b. increasing and unemployment is likely to decrease by 1000 individuals c. fluctuating d. stable e. increasing and unemployment is likely to decrease by less than 1,000 individuals