Monthly expenditures for a family of 4 in 2015 averaged $1,400. In 2016, the cost of the same purchases was $1,500. If 2015 is the base year, what was the CPI in 2016?

Compare the views of Keynesian and mainstream economists on the effects fiscal stimulus has on real GDP and employment

What will be an ideal response?

In the above table, the cross price elasticity of demand for good Z with good Y when PY rises from $15 to $18 is

A) -2.20. B) +2.20. C) +1.10. D) -1.10.