Michael Jordan's rookie salary in 1984 was $550,000 . The CPI in 1984 was 103.9, while the CPI in 2010 was 218.1 . What is Michael Jordan's rookie salary in 2010 dollars?

In order to influence the interest rate, the Federal Reserve System can immediately adjust the

A) reserves of the banking system. B) inflation level. C) unemployment rate. D) taxes that citizens must pay. E) amount the government borrows.

Refer to the figure below. What is the price elasticity of demand when the price of rice is $3 per pound? 

A. 2 B. 0.5 C. 0.75 D. 0.67