11. What is the inflation rate between 2014 and 2015? 12. What is the inflation rate between 2015 and 2016? 13. Suppose that the nominal interest rate in Japan is 10.4%. In addition, the inflation rate is equal to 4.2%. Given this information, what is the real interest rate in Japan? 14. Suppose that a typical doctor earned $41,000 in 1978. In addition, you know that in 1990 a typical doctor earns $76,000. Finally, you also know that the CPI in 1978 is 210 and in 1990 is 230. Given this information, a doctor's 1978 salary in 1990 dollars is $_ 15. Suppose that a typical professor earned $28,000 in 1978. In addition, you know that in 1998 a typical professor earns $93,000. Finally, you also know that CPI in 1978 is 90 and in 1998 is 250. Given this information, the salary of a typical professor in 1998 relative to 1978 is (select one): a. higher b. lower

11. What is the inflation rate between 2014 and 2015? 12. What is the inflation rate between 2015 and 2016? 13. Suppose that the nominal interest rate in Japan is 10.4%. In addition, the inflation rate is equal to 4.2%. Given this information, what is the real interest rate in Japan? 14. Suppose that a typical doctor earned $41,000 in 1978. In addition, you know that in 1990 a typical doctor earns $76,000. Finally, you also know that the CPI in 1978 is 210 and in 1990 is 230. Given this information, a doctor's 1978 salary in 1990 dollars is $_ 15. Suppose that a typical professor earned $28,000 in 1978. In addition, you know that in 1998 a typical professor earns $93,000. Finally, you also know that CPI in 1978 is 90 and in 1998 is 250. Given this information, the salary of a typical professor in 1998 relative to 1978 is (select one): a. higher b. lower

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter24: The Aggregate Demand/aggregate Supply Model

Section: Chapter Questions

Problem 46CTQ: Hydraulic fracturing (tracking) has the potential to significantly increase the amount of natural...

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