Of the following sequences of price levels, which correctly represents a 5 percent inflation rate?
A) 100, 105, 105, 105
B) 100, 105, 110, 115
C) 100, 105, 110.25, 115.76
D) 95, 100, 105, 110
E) 100, 100, 100, 100
C) 100, 105, 110.25, 115.76
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The idea of a currency union was initially proposed by:
A) John Maynard Keynes. B) Paul Samuelson. C) Robert Mundell. D) Alan Greenspan
In a change to immigration policy during 2012, "people younger than 30 who came to the United States before the age of 16, pose no criminal or security threat, and were successful students or served in the military can get a two-year deferral from
deportation", Homeland Security Secretary Janet Napolitano said, according to CNN, 06/16/2012. If many of these immigrants had previously been afraid to work, now as a result of being able to work legally A) both the short-run and long-run aggregate supply curves shift rightward. B) only the long-run aggregate supply curve shifts rightward. C) only the short-run aggregate supply curve shifts rightward. D) neither the short-run nor the long-run supply curve shift.