If the Consumer Price Index was 125 in one year and 120 in the following year, then the rate of inflation is approximately:

For a worker to be potentially available, he or she must

A) know about the jobs available at a particular firm. B) be in the relevant geographic market and be willing to work for minimum wage. C) have most of the skills required by the firm only. D) have the skills required by the firm and be in the relevant geographic market.

To offset the effect of a steep fall in net exports on the economy, the government might: a. increase government purchases. b. decrease government purchases. c. increase taxes

d. none of the above.