Refer to the information provided in Table 22.5 below to answer the question(s) that follow.
Table 22.5
Refer to Table 22.5. If 2015 is the base year, the inflation rate between 2014 and 2016 is
A. 4.0%.
B. 5.8%.
C. 6.2%.
D. 9.4%.
Answer: C
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The LM curve shows points of equilibrium in the money market and combinations of
A) inflation and unemployment. B) aggregate supply and aggregate demand. C) income and the interest rate. D) money supply and money demand.
Which of the following would be most likely to improve the standard of living of a less-developed country?
What will be an ideal response?
What do economists call a situation in which consumers buy a different quantity than they did before, at every price?
(A) A move along the demand curve. (B) A shift in size of the demand curve. (C) A change in expectations. (D) A change in demand.
When a government turns a deficit into a surplus we would expect
A) interest rates to rise. B) interest rates to decrease. C) the demand curve for loanable funds to shift rightward. D) that more investment is crowded out.