The CPI in 1930 equaled 0.17. The CPI in 1931 equaled 0.15. The rate of inflation between 1930 and 1931 was ________ percent.
A. -13.3
B. 1.5
C. 11.8
D. -11.8
Answer: D
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What will be an ideal response?
Consider a society facing the production possibilities curves in the figure shown. What is the most likely cause of a society moving from PPF1 to PPF3?
A. More workers
B. Better printing press technology
C. A desire to read more books
D. Better sewing technology
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a. True b. False Indicate whether the statement is true or false
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What will be an ideal response?