The price of a given basket of goods in Year 1 was $1,300. The price of the same basket of goods in Year 2 was $1,560. The CPI for Year 2 taking Year 1 as the base year is ________.

Consider the monopsony in the above figure. The 200th hour of labor creates how much added revenue per hour for the monopsony?

A) $10 B) $15 C) $20 D) None of the above answers is correct.

If a government increases its budget deficit, then interest rates

a. rise and the real exchange rate appreciates. b. fall and the real exchange rate depreciates. c. rise and the real exchange rate depreciates. d. fall and the real exchange rate appreciates.