This graph depicts the demand for a normal good. 
Suppose Johnny was consuming a normal good at point A in the figure shown, but has just received a raise at work. Johnny's demand may:
A. increase to point B.
B. be unaffected.
C. drop to zero.
D. increase to point C.
Answer: A
Economics
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Most economists believe that biases cause changes in the CPI to overstate the inflation rate by ________ percentage points
A) 0.1 to 0.2 B) 0.2 to 2.0 C) 0.4 D) 0.5 to 1.0 E) 1.0 to 3.0
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Which of the following is not included in the M1 category?
a. Currency b. Checkable deposits c. Traveler's checks d. Savings deposits
Economics