February 2010, the price of gasoline in the Florida was $2.629 per gallon and the CPI was 202.4 with a base period of 1982 to 1984. What was the real price of gasoline per gallon in base period dollars?

Your textbook uses the "bite, chew, choke" story to explain

A) how restrictive monetary policy leads to a recession. B) how expansionary monetary policy ultimately leads to a recession. C) how restrictive fiscal policy leads to a recession. D) how expansionary fiscal policy ultimately leads to a recession.

Bicycles are made out of steel. If the price of steel increases, there is a shift in the supply curve of bicycles that leads to

A) a shift in the demand curve for bicycles. B) a temporary surplus of bicycles. C) a permanent surplus of bicycles. D) an increase in the price of a bicycle.