Suppose that the price index in 1999 was 170 and your salary was $44,000. Suppose in 2016 the consumer price index will be 290. What salary will you have to earn in 2016 in order to equal your 1999 real income?

In part, perfect competition arises if i. each firm's minimum efficient scale is large relative to demand. ii. each firm produces a good or service identical to those produced by its many competitors. iii. there are significant barriers to entry

A) i only B) ii only C) i and ii D) iii only E) ii and iii

If the currency drain ratio increases, how can the Fed adjust the monetary base to offset the effect on the quantity of money?

What will be an ideal response?