Today,the Wendy's cheeseburger is on the 99-cent menu.If the CPI in 1979 was 36 and the CPI in 2006 was 100,what is the price of a 2006 cheeseburger in 1979 dollars?
A) $35
B) $2.75
C) $0.03
D) $0.36
E) none of the above
Correct Answer:
Verified
Q2: In 1979, President Carter appointed _ as
Q4: Fiat money has value because:
A)it is backed
Q5: _ are(is)the most liquid asset.
A)Gold
B)Small savings accounts
C)Short-term
Q6: Often,when discussing inflation,we use the "core rate
Q7: Money that has no value except as
Q8: A country on the silver standard uses:
A)coins.
B)fiat
Q10: Inflation is calculated as:
A)the overall price level.
B)the
Q11: In the United States,money is backed by:
A)oil.
B)gold.
C)silver.
D)nothing.
E)none
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