题目内容

The price of imported olives produced by a U.S. company operating in Spain increases. By itself, what effect will this price increase have on the GDP deflator and on the CPI in the U.S.? ()

A. The GDP deflator and the CPI will both increase.
B. The GDP deflator will increase and the CPI will be unaffected.
C. The GDP deflator and the CPI will both be unaffected.
D. The GDP deflator will be unaffected and the CPI will increase.

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Ingrid took a university teaching job as an assistant professor in 1974 at a salary of $10,000. By 2003, she had been promoted to full professor, with a salary of $50,000. If the price index in 1974 was 50 and the price index in 2003 was 180, what is Ingrid's 2003 salary in 1974 dollars? ()

A. $13,889
B. $18,000
C. $26,000
D. $36,000

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Last year, Tealandia produced 50,000 bags of green tea. This was Tealandia’s only production. Each bag sold at 4 units of Tealandia's currency----the Leaf. Tealandia's money supply was 10,000. What was the velocity of money in Tealandia? ()

A. 20
B. 5
C. 1/20
D. 1/5

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The inflation tax ()

A. transfers wealth from the government to households.
B. is the increase in income taxes due to lack of indexation.
C. is a tax on everyone who holds money.
D. All of the above are correct.

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Suppose that the United States unexpectedly decided to pay off its debt by printing new money. Which of the following would happen? ()

A. People who held money would feel poorer.
B. Prices would rise.
C. People who had lent money at a fixed interest rate would feel poorer.
D. All of the above are correct.

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The price of imported olives produced by a U.S. company operating in Spain increases. By itself, what effect will this price increase have on the GDP deflator and on the CPI in the U.S.? ()

A. The GDP deflator and the CPI will both increase. B. The GDP deflator will increase and the CPI will be unaffected. C. The GDP deflator and the CPI will both be unaffected. D. The GDP deflator will be unaffected and the CPI will increase.

Ingrid took a university teaching job as an assistant professor in 1974 at a salary of $10,000. By 2003, she had been promoted to full professor, with a salary of $50,000. If the price index in 1974 was 50 and the price index in 2003 was 180, what is Ingrid's 2003 salary in 1974 dollars? ()

Last year, Tealandia produced 50,000 bags of green tea. This was Tealandia’s only production. Each bag sold at 4 units of Tealandia's currency----the Leaf. Tealandia's money supply was 10,000. What was the velocity of money in Tealandia? ()

The inflation tax ()

Suppose that the United States unexpectedly decided to pay off its debt by printing new money. Which of the following would happen? ()

A. The GDP deflator and the CPI will both increase.
B. The GDP deflator will increase and the CPI will be unaffected.
C. The GDP deflator and the CPI will both be unaffected.
D. The GDP deflator will be unaffected and the CPI will increase.