Question
42. The most recent inflation numbers show that prices rose, on average, 8.5% in March from the previous year. Based on this information alone, you
42. The most recent inflation numbers show that prices rose, on average, 8.5% in March from the previous year. Based on this information alone, you should expect the Federal Reserve to _________.
announce that they will raise interest rates at their next meeting.
announce that they will lower interest rates in the future.
take no action.
43. In recent decades, the distribution of income in the U.S. has:
Become more unequal.
Remained relatively constant.
Become less unequal.
49. The wildfires in California have damaged vineyards in California wine country. At the same time, French wine (a substitute) is less expensive because of tariffs imposed under President Trump were lifted early this year. When both of these factors affect the market for US wine, we know for sure that:
The quantity of US wine sold will decrease.
The quantity of US wine sold will increase.
The price of US wine will decrease.
The price of US wine will increase.
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