Three goods are consumed monthly in an economy during years 1 and 2. the table shows prices (p1 and p2) for each shows the quantity of the good included in the market basket that is used to calculate the consumer price index. the base year is year 1

good p1 p2 quantity in basket
milk $4 $4.2 5
chicken $2 $2.2 9
onion $3 $3.2 2

(a) the cost of the basket in year 1 is $ and the cost of the basket in year 2 is $
(b) the value of the consumer price index (cpi) in year 1 is in year 2 is %, and the
(c) the percentage change in the price of milk is percentage change in the price of onions is %, the percentage change in the price of chicken is %. the percentage change in the cpl is %

Assume that the following conditions exist: a. all banks are fully loaned up- there are no excess reserves, and desired excess reserves are always zero. b. the money multiplier is 5 .     c. the planned investment schedule is such that at a 4 percent rate of interest, investment =$1450 billion. at 5 percent, investment is $1420 billion. d. the investment multiplier is 3 . e.. the initial equilibrium level of real gdp is $12 trillion. f. the equilibrium rate of interest is 4 percent now the fed engages in contractionary monetary policy. it sells $1 billion worth of bonds, which reduces the money supply, which in turn raises the market rate of interest by 1 percentage point. calculate the decrease in money supply after fed's sale of bonds: $nothing billion.

In each of the following cases, find the unknown variable. ignore taxes. (do not round intermediate calculations and round your answers to the nearest whole number, e.g., 32.) accounting unit price unit variable cost fixed costs depreciation break-even 20,500 $ 44 $ 24 $ 275,000 $ 133,500 44 4,400,000 940,000 8,000 75 320,000 80,000

Dan wants to start a supermarket in his hometown, and wants to get into the business only after finding out about the market and how successful his business might be. the best way for dan to gain knowledge is to: