The inflation rate for a given year is found by taking the percentage change in the Consumer Price Index (CPI) from the base year to the year in question

Why is the study of asymmetric information associated with the market for "lemons"?

A) Potential buyers of used cars have difficulty separating good used cars from bad used cars; bad used cars are often referred to as "lemons." B) Because there is little advertising in the market for lemons, buyers have difficulty determining the quality of lemons before they are purchased. C) Sellers of citrus fruit — lemons, oranges, grapefruit — know the difference between bad fruit and good fruit; buyers do not have this information. D) Most sellers of used cars have less information about their cars than the dealers who buy them; used cars are often referred to as "lemons."

How many times in the last 80 years has the official unemployment rate in the United States reached 0 percent?

a. 0 b. 1 c. 2 d. 3 e. 4