Refer to Figure 24-4. Given the economy is at point A in year 1, what is the inflation rate between year 1 and year 2?

A) 0.9% B) 1.8% C) 2.7% D) 3.0%


B

Economics

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Explain what is meant by perfect price discrimination

What will be an ideal response?

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Recessions can sometimes last less than a single year

a. True b. False

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Which of the following portions of the national debt impose a net interest burden on the federal government?

a. treasury bonds held by government agencies b. treasury bonds held by private investors c. treasury bonds held by the Federal Reserve system d. treasury bonds held in the Social Security Trust Fund

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What does producer surplus measure?

a) the well-being of society as a whole b) the well-being of sellers c) the well-being of buyers and sellers d) the well-being of buyers

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