A) automatically implies that, on average, everyone is better off because prices have fallen. B) is the same as disinflation; it means the rate of inflation has fallen. C) will make you better off if your nominal wages fall more slowly than prices. D) will make you better off if your nominal wages fall more rapidly than prices. E) will make you better off if your real wages fall more rapidly than prices. A) automatically implies that, on average, everyone is better off because prices have fallen. B) is the same as disinflation; it means the rate of inflation has fallen. C) will make you better off if your nominal wages fall more slowly than prices. D) will make you better off if your nominal wages fall more rapidly than prices. E) will make you better off if your real wages fall more rapidly than prices.

Exam 8: The Price Level and Inflation

In Las Vegas, the cost of living index is 110, and in San Francisco, it is 170. You work in Las Vegas currently and your salary is $57,000. You are offered a promotion and pay raise of $70,000 to move to San Francisco. If you take the promotion

(Multiple Choice)

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Question 141

Assume tuition at Houston Community College cost $588 per semester) in 2004 and $813 in 2012. If the price index was 184 in 2004 and 226 in 2012, then we could say

(Multiple Choice)

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Question 142

You have to pay costs for your business now, but you also have to enter into contracts to pay wages and supply costs in the future. If inflation occurs, the best term for the problem that arises in this case is

(Multiple Choice)

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Question 143

You know that the consumer price index CPI) at the beginning of this year was 250 and the rate of inflation was 14 percent; this would mean the

(Multiple Choice)

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Question 144

Give two reasons why governments inflate their money supplies by printing money, and explain the downside associated with each reason.

(Essay)

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Question 145

What is the Billion Prices Project? Explain the motivation behind it and its limitations.

(Essay)

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Question 146

If inflation is estimated by an index like the consumer price index CPI) to be higher than it actually is, who is liable to be hurt by the error?

(Multiple Choice)

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Question 147

Wanda owns a store and has not had to raise prices recently-and now her store has more customers. Which statement is correct?

(Multiple Choice)

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Question 148

According to the price confusion problem, if the price of a product increases, then

(Multiple Choice)

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Question 149

In a particular nation, people buy a completely unique and different set of goods and services every year. None of the goods purchased in the new year are the same as any of the goods purchased in the previous year. Based on this information

(Multiple Choice)

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Question 150

You get a pay raise and feel richer even though your raise did not keep up with inflation; this is best described as

(Multiple Choice)

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Question 151

Inflation in Zimbabwe in 2008

(Multiple Choice)

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Question 152

Suppose that the consumer price index of a country was 160 at Year 1 and 164 at the end of Year 2. What was the country's inflation rate during Year 2?

(Multiple Choice)

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Question 153

If your nominal wage rises but you think that it automatically means your real wage rose, then you are

(Multiple Choice)

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Question 154

If your real wage rose but your nominal wage fell, this would imply that

(Multiple Choice)

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Question 155

Deflation

(Multiple Choice)

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Question 156

Inflation occurs when

(Multiple Choice)

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Question 157

One improvement of the chained consumer price index CPI) over the traditional CPI is that the

(Multiple Choice)

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Question 158

Explain the notion of money illusion in specific detail.

(Essay)

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Question 159

In the equation M * V = P * Y, the variable M stands for the

(Multiple Choice)

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Question 160

Showing 141 - 160 of 174

In Las Vegas, the cost of living index is 110, and in San Francisco, it is 170. You work in Las Vegas currently and your salary is $57,000. You are offered a promotion and pay raise of $70,000 to move to San Francisco. If you take the promotion

Assume tuition at Houston Community College cost $588 per semester) in 2004 and $813 in 2012. If the price index was 184 in 2004 and 226 in 2012, then we could say

You have to pay costs for your business now, but you also have to enter into contracts to pay wages and supply costs in the future. If inflation occurs, the best term for the problem that arises in this case is

You know that the consumer price index CPI) at the beginning of this year was 250 and the rate of inflation was 14 percent; this would mean the

Give two reasons why governments inflate their money supplies by printing money, and explain the downside associated with each reason.

What is the Billion Prices Project? Explain the motivation behind it and its limitations.

If inflation is estimated by an index like the consumer price index CPI) to be higher than it actually is, who is liable to be hurt by the error?

Wanda owns a store and has not had to raise prices recently-and now her store has more customers. Which statement is correct?

According to the price confusion problem, if the price of a product increases, then

In a particular nation, people buy a completely unique and different set of goods and services every year. None of the goods purchased in the new year are the same as any of the goods purchased in the previous year. Based on this information

You get a pay raise and feel richer even though your raise did not keep up with inflation; this is best described as

Inflation in Zimbabwe in 2008

Suppose that the consumer price index of a country was 160 at Year 1 and 164 at the end of Year 2. What was the country's inflation rate during Year 2?

If your nominal wage rises but you think that it automatically means your real wage rose, then you are

If your real wage rose but your nominal wage fell, this would imply that

Deflation

Inflation occurs when

One improvement of the chained consumer price index CPI) over the traditional CPI is that the

Explain the notion of money illusion in specific detail.

In the equation M * V = P * Y, the variable M stands for the

Five Foundations of Economics

Model Building and Gains From Trade

The Market at Work: Supply and Demand

Market Outcomes and Tax Incidence

Price Controls

Introduction to Macroeconomics and Gross Domestic Product

Unemployment

Savings, Interest Rates, and the Market for Loanable Funds

Financial Markets and Securities

Economic Growth and the Wealth of Nations

Growth Theory

The Aggregate Demandaggregate Supply Model

The Great Recession, the Great Depression, and Great Macroeconomic Debates

Federal Budgets: the Tools of Fiscal Policy

Fiscal Policy

Money and the Federal Reserve

Monetary Policy Learning Objectives

International Trade

International Finance

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