Refer to the information provided in Figure 1.3 below to answer the question(s) that follow.Figure 1.3Refer to Figure 1.3. The slope of the line is
A. decreasing at an increasing rate.
B. negative.
C. increasing at an increasing rate.
D. positive.
Answer: D
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The process of money creation can be reversed:
a. when a person pays a loan back to a bank b. when the government passes a law against it. c. when customers begin to deposit money into banks. d. when loans are extended to customers.
Ruben earned a salary of $60,000 in 2001 and $80,000 in 2006 . The consumer price index was 177 in 2001 and 221.25 in 2006 . Ruben's 2006 salary in 2001 dollars is
a. $20,000; thus, Ruben's purchasing power increased between 2001 and 2006. b. $20,000; thus, Ruben's purchasing power decreased between 2001 and 2006. c. $64,000; thus, Ruben's purchasing power increased between 2001 and 2006. d. $64,000; thus, Ruben's purchasing power decreased between 2001 and 2006.