When the nation of Roma allows trade and as a result becomes an importer of scooters,
a. residents who produce scooters become worse off; residents who buy scooters become better off; and the economic well-being of Roma rises.
b. residents who produce scooters become worse off; residents who buy scooters become better off; and the economic well-being of Roma falls.
c. residents who produce scooters become better off; residents who buy scooters become worse off; and the economic well-being of Roma rises.
d. residents who produce scooters become better off; residents who buy scooters become worse off; and the economic well-being of Roma falls.
A
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Suppose that real GDP grows by 3 percent a year, the quantity of money grows 6 percent a year, and velocity grows by 1 percent. In the long run, the inflation rate equals
A) 12 percent. B) 9 percent. C) 10 percent. D) 4 percent. E) 5 percent.
The urban consumers that the CPI is based on includes:
A. institutionalized persons. B. persons in the military. C. incarcerated persons. D. the CPI does not include any of these.