BUSA 201 Exam 3 2024/2025 Exam
Questions and Answers 100%
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When Anders took out his first two-year membership with Maxima Gym in
2004, the fee was $540.00. He renewed his membership three times; in
2006 for $580.00, in 2008, for $600.00, and again in 2010, for $630.00.
What is the overall rate of inflation for Anders' gym membership? -
🧠ANSWER ✔✔16.66%
______ implies that pressure for price increases reaches across
_______________ markets, not just one. - 🧠ANSWER ✔✔inflation; most
The effects of inflation are seen in... - 🧠ANSWER ✔✔goods, services,
wages and income levels
The most commonly cited measure of inflation in the United States is: -
🧠ANSWER ✔✔the Consumer Price Index (CPI)
The ________ is the nominal interest rate minus the rate of inflation. -
🧠ANSWER ✔✔real interest rate
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY 1
STATEMENT. ALL RIGHTS RESERVED
, In the 1970s and 1980s, labor unions commonly negotiated wage contracts
that had _______________________ which guaranteed that their wages
would keep up with inflation. - 🧠ANSWER ✔✔cost of living adjustments
With regard to the economy, the term negative inflation is synonymous with
which of the following? - 🧠ANSWER ✔✔deflation
What name is given to the index based on the prices of exported or
imported merchandise? - 🧠ANSWER ✔✔International Price Index
One of the reasons that a rise in the price of a fixed basket of goods over
time tends to overstate the rise in a consumer's true cost of living, is: -
🧠ANSWER ✔✔substitution bias
Inflation can be calculated in terms of how the overall cost of
___________________ changes over time. - 🧠ANSWER ✔✔the basket of
goods
The twin problems of the U.S. health care industry are: - 🧠ANSWER
✔✔rapidly rising costs and unequal access to health care
As a percentage of GDP, U.S. health care spending is: - 🧠ANSWER
✔✔higher than any other major industrial country
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY 2
STATEMENT. ALL RIGHTS RESERVED
Questions and Answers 100%
Guaranteed Success | Already Rated A+
When Anders took out his first two-year membership with Maxima Gym in
2004, the fee was $540.00. He renewed his membership three times; in
2006 for $580.00, in 2008, for $600.00, and again in 2010, for $630.00.
What is the overall rate of inflation for Anders' gym membership? -
🧠ANSWER ✔✔16.66%
______ implies that pressure for price increases reaches across
_______________ markets, not just one. - 🧠ANSWER ✔✔inflation; most
The effects of inflation are seen in... - 🧠ANSWER ✔✔goods, services,
wages and income levels
The most commonly cited measure of inflation in the United States is: -
🧠ANSWER ✔✔the Consumer Price Index (CPI)
The ________ is the nominal interest rate minus the rate of inflation. -
🧠ANSWER ✔✔real interest rate
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY 1
STATEMENT. ALL RIGHTS RESERVED
, In the 1970s and 1980s, labor unions commonly negotiated wage contracts
that had _______________________ which guaranteed that their wages
would keep up with inflation. - 🧠ANSWER ✔✔cost of living adjustments
With regard to the economy, the term negative inflation is synonymous with
which of the following? - 🧠ANSWER ✔✔deflation
What name is given to the index based on the prices of exported or
imported merchandise? - 🧠ANSWER ✔✔International Price Index
One of the reasons that a rise in the price of a fixed basket of goods over
time tends to overstate the rise in a consumer's true cost of living, is: -
🧠ANSWER ✔✔substitution bias
Inflation can be calculated in terms of how the overall cost of
___________________ changes over time. - 🧠ANSWER ✔✔the basket of
goods
The twin problems of the U.S. health care industry are: - 🧠ANSWER
✔✔rapidly rising costs and unequal access to health care
As a percentage of GDP, U.S. health care spending is: - 🧠ANSWER
✔✔higher than any other major industrial country
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY 2
STATEMENT. ALL RIGHTS RESERVED
