If the CPI was 120 in 1994, was 126 in 1995, and was 134.82 in 1996, what was the inflation rate in 1995 and in 1996?
The inflation rate in 1995 was 5%, and the inflation rate in 1996 was 7%.
Economics
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List the three major sources from which households derive their incomes
What will be an ideal response?
Economics
Which of the following factors are most important for determining the economic growth of a country?
A) The country's level of resources B) The independence of the country's central bank C) The country's rates of saving and investment D) The level of sophistication of a country's financial markets
Economics
An increase in supply will cause a shortage at the original market price
a. True b. False Indicate whether the statement is true or false
Economics
Refer to the graph below . What is the profit-maximizing level of output for this pure monopolist?
A. A
B. B
C. C
D. D
Economics