labor cost increases 582019 M11 Quiz 00A Spring 2019 Economics Fundamentals

Labor cost increases 582019 m11 quiz 00a spring 2019

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labor cost increases.
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5/8/2019M11: Quiz: 00A-Spring 2019-Economics Fundamentals CAFE2/6excess total spending.tax increase.1 / 1 ptsQuestion 2Suppose a market basket of goods and services costs $400 in the base year and theconsumer price index (CPI) is currently 125. This indicates the price of the marketbasket of goods is now:$275.$425.$500.$525.1 / 1 ptsQuestion 3The real interest rate is defined as the:actual interest rate.fixed-rate on consumer loans.nominal interest rate minus the inflation rate.expected interest rate minus the inflation rate.
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5/8/2019M11: Quiz: 00A-Spring 2019-Economics Fundamentals CAFE3/61 / 1 ptsQuestion 4Last year the Jones family earned $40,000. This year their income is $42,000. In aneconomy with an inflation rate of 10 percent, which of the following is correct?The Jones' nominal income and real income have both fallen.The Jones' nominal income and real income have both risen.The Jones' nominal income has increased and their real income has fallen.The Jones' nominal income has decreased and their real income has risen.1 / 1 ptsQuestion 5Which of the following is the largest single component of the market basket used tocompute the consumer price index (CPI)?
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