eco ch.19 mult. ch. quiz

eco ch.19 mult. ch. quiz - Question 1 1 out of 1 points If...

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Questi on 1 1 out of 1 points If the market interest rate is 9% and the inflation rate is 3%, then the real interest rate equals: Selected Answer: Correct Answer:
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2 1 out of 1 points The CPI equals 1.00 in year one and 1.20 in year two. If the nominal wage is $15 in year one and a contract calls for the wage to be indexed to the CPI , what will be the nominal wage in year two? Selected Answer: Correct Answer: Question 3 1 out of 1 points All of the following are real quantities EXCEPT the: Selected Answer: Correct Answer: Question 4 1 out of 1 points The Fisher effect is the tendency for _____ interest rates to be high when the inflation rate is ____. Selected Answer: Correct Answer: Question 5 1 out of 1 points The consumer price index for Planet Econ consists of only two items: books and hamburgers. In 1999, the base year, the typical consumer purchased 5 books for $20 each and 30 hamburgers for $1 each. In 2000, the typical consumer purchased 8 books for $22 each and 36 hamburgers for $1.50 each. The consumer price for 2000 on Planet Econ equals:
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eco ch.19 mult. ch. quiz - Question 1 1 out of 1 points If...

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