A consumer price index of 160 in 1996 with a base year of 1982-1984 would mean that the cost of the market basket
A) equaled $160 in 1983.
B) rose 160% from the cost of the market basket in the base year.
C) rose 60% from the cost of the market basket in the base year.
D) equaled $160 in 1996.
C
Economics
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If the Fed buys government securities, then
A) the quantity of money is not changed, just its composition. B) new bank reserves are created. C) the quantity of money decreases. D) bank reserves are destroyed. E) banks' excess reserves decrease.
Economics
Based on the above figure, for which of the following levels of output at Ike's Ice Cream Kitchen does the marginal product of labor exceed the average product of labor?
A) at 10 gallons B) at 40 gallons C) at 70 gallons D) all of the above
Economics