If the CPI at the end of last year was 100 and the CPI at the end of this year was 115, the inflation rate was
A) 1.5 percent.
B) 15 percent.
C) 100 percent.
D) 115 percent.
B
Economics
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If the marginal propensity to save is 0.25, then a $10,000 decrease in disposable income will
A) increase consumption by $7,500. B) decrease consumption by $2,500. C) increase consumption by $2,500. D) decrease consumption by $7,500.
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Credit card debt is
A) secured debt. B) unsecured debt. C) restricted debt. D) unrestricted debt.
Economics