The table above gives the CPI for a nation. Based on the table, we can determine that the reference base period is
A) 1994.
B) 1996.
C) 1998-2000.
D) 2002.
E) More information about when the Consumer Expenditure Survey was undertaken is needed to answer the question.
C
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Producers of tablet computers will be able to lower the wage rate that they pay to their workers. You are asked to predict the effects on the supply of tablet computers, and the price of a tablet computer. You predict that the supply curve shifts
A) rightward, and the price is constant. B) leftward, and the price is constant. C) rightward, and the price falls. D) leftward, and the price rises.
Compared to the other tools the Fed uses to change the money supply, the discount window is used:
A. less often than open market operations, but more often than the reserve requirement. B. more often than open market operations and the reserve requirement. C. about the same as open market operations, but more often than the reserve requirement. D. more often than open market operations, and about the same as the reserve requirement.