If the current period has a CPI of 143, then the amount of inflation since the base period is
A) 143 percent.
B) 157 percent.
C) 57 percent.
D) 43 percent.
E) unknown without knowing the base period's CPI.
D
Economics
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The Lorenz curve portrays:
A. the functional distribution of income. B. the ratio of labor to capitalist income. C. the personal distribution of income. D. income equality.
Economics
The level of GDP, ceteris paribus, will tend to increase when:
A. Reserve requirements are increased B. There is an increase in the discount rate C. The Federal Reserve buys government securities in the open market D. The Federal Reserve sells government securities in the open market
Economics