\[\begin{array}{l} \begin{array} { | c | c | } \hline \text { Good } & \begin{array} { c } \text { Price Increase since } \\ \text { Last Year } \end{array} \\ \hline \text { Amusement park tickets } & 5.0 \% \\ \hline \text { Bowling balls } & 4.2 \% \\ \hline \text { Camouflage neckties } & 3.1 \% \\ \hline \end{array}\\ \text { Table } 8.1 \end{array}\] Refer to Table 8.1,which gives hypothetical data on price changes for three goods.At which of the following overall rates of inflation would it be true that bowling balls became relatively cheaper?

A) 4.5%. B) 4.2%. C) 3.5%. D) -1.5%. A) 4.5%. B) 4.2%. C) 3.5%. D) -1.5%.

Exam 8: Inflation

Explore all topics

Good Price Increase since Last Year Amusement park tickets 5.0\% Bowling balls 4.2\% Camouflage neckties 3.1\% Table 8.1 Refer to Table 8.1,which gives hypothetical data on price changes for three goods.At which of the following overall rates of inflation would it be true that bowling balls became relatively cheaper?

(Multiple Choice)

4.8/5

(37)

Question 61

What is a pure price change?

(Essay)

4.8/5

(34)

Question 62

Unexpectedly high inflation tends to hurt _______ most.

(Multiple Choice)

4.9/5

(38)

Question 63

Which goods did NOT decrease in price between 2000 and 2010?

(Multiple Choice)

4.8/5

(30)

Question 64

Of the categories of spending listed below,which is the smallest component of the market basket?

(Multiple Choice)

4.8/5

(39)

Question 65

The inflation rate is the annual percentage change in the average price level.

(True/False)

4.9/5

(32)

Question 66

Explain how globalization has caused some goods to be cheaper.

(Essay)

4.9/5

(39)

Question 67

The category of spending called "food away from home" makes up a smaller proportion of the market basket than which of the following categories?

(Multiple Choice)

4.9/5

(39)

Question 68

Showing 61 - 68 of 68

What is a pure price change?

Unexpectedly high inflation tends to hurt _______ most.

Which goods did NOT decrease in price between 2000 and 2010?

Of the categories of spending listed below,which is the smallest component of the market basket?

The inflation rate is the annual percentage change in the average price level.

Explain how globalization has caused some goods to be cheaper.

The category of spending called "food away from home" makes up a smaller proportion of the market basket than which of the following categories?

Introduction

Demand and Supply: The Basics of the Market Economy

Market Equilibrium and Shifts

How Businesses Work

Competition and Market Power

Government and the Economy

The First Step Into Macroeconomics

Growth

Business Cycles, unemployment and Inflation

Fiscal Policy

Monetary Policy

The Financial Markets

International Trade

Technological Change

Economics of the Labor Market

The Distribution of Income

Economics of Retirement and Healthcare

Economics of Energy, the Environment, and Global Climate Change Glossary

Filters