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One year the CPI was 300 and the next year, the CPI was 320. What was the inflation rate in percentage? Indicate to the nearest tenth of a percent (e.g., 10.2). 

Which of the following would be considered frictional unemployment?

The parks district wants to put up a new playground in the local park in a three-family town. The marginal benefit for Jim would be $500; the marginal benefit for Jake would be $200. The marginal benefit for Connor, who has six children, would be $2,000. The total cost of putting in the swing set is $1,400 and each family needs to pay an equal amount. With no vote trading allowed, how many families would vote for this playground?

Suppose that tacos and pizza are substitutes, and that soda and pizza are complements but folks tend to drink beer or water with tacos. We would expect a decrease in the price of pizza to

Match the terms with the description which most accurately describes the term.

Which of the following came out of the Treaty of Fort Jackson during the War of 1812?

If the demand for apples (a normal good) shifts to the left, the most likely reason is that

Joan buys a bike for $240. She would have paid $250. The seller’s (Frank) minimal acceptable price was $215. For whom was the surplus (consumer surplus for Joan and producer surplus for Frank) the highest?

Pa and Pb are the prices that individuals A and B are willing to pay for the last unit of a public good, rather than do without it. These people are the only two members of society. The marginal cost of producing this good at the optimal quantity is $6. What is the optimal quantity? Indicate to the nearest whole number (e.g., 9). Exam 2 last unit.PNG  

Which of the following Reconstruction Plans was the most lenient in terms of how the South was treated?