Since World War II, the consumer price index has increased by an average of _____
a. 1.4 percent per year
b. 2.1 percent per year
c. 6.4 percent per year
d. 5.6 percent per year
e. 3.5 percent per year
e
Economics
You might also like to view...
In the market for jeans, which of the following events increases the de-mand for a pair of jeans?
A. The wage rate paid to garment workers rises. B. The price of a denim skirt (a substitute for jeans) rises. C. The price of denim cloth falls. D. New technology reduces the time it takes to make a pair of jeans.
Economics
Suppose the economy is initially in long-run equilibrium. For each of the shocks listed below, explain the long-run effects on output and the price level
(a) Labor supply decreases. (b) The government shuts down the Bureau of Economic Analysis. (c) Productivity increases.
Economics