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ECN 211 Exam 2 2025 Questions and Answers Housing - ....ANSWER ...-The CPI will be most influenced by a 10 percent increase in the price of which of the following consumption categories? 5.4% - ....ANSWER ...-In 1989, the CPI was 124.0. In 1990, it was 130.7. What was the rate of inflation over this period? . An increase in the price of BMW automobiles produced in Germany and sold in the United States - ....ANSWER ...-Which of the following would likely cause the CPI to rise more than the GDP deflator? Products purchased by the typical consumer - ....ANSWER ...-The "basket" on which the CPI is based is composed of _______. Substitution Bias - ....ANSWER ...-If there is an increase in the price of bananas that causes consumers to purchase fewer pounds of bananas and more pounds of grapes, the CPI will suffer from _______. Fallen - ....ANSWER ...-Suppose your income rises from $39,000 to $51,000, while the CPI rises from 122 to 169. Your standard of living has likely _______. 2% - ....ANSWER ...-If the nominal interest rate is 4 percent and the inflation rate is 2 percent, then the real interest rate is _______. …FOR STUDENTS ONLY…©️2025 ALL RIGHTS RESERVED… 1