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Author Question: How do we calculate the inflation rate and what is its relationship with the CPI? What will be an ... (Read 22 times)

fasfsadfdsfa

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on: Jun 29, 2018
How do we calculate the inflation rate and what is its relationship with the CPI?
 
  What will be an ideal response?

Question 2

Refer to Table 4-6. The equations above describe the demand and supply for Aunt Maud's Premium Hand Lotion. What are the equilibrium price and quantity (in thousands) for Aunt Maud's Lotion?
 
  A) 30 and 20 thousand B) 60 and 30 thousand
  C) 20 and 60 thousand D) 20 and 30 thousand


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zacnyjessica

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Reply #1 on: Jun 29, 2018
Answer to Question 1

The inflation rate is the percentage change in a price index from one year to the next. The rate of change of the CPI is often used as a measure of inflation as faced by consumers.

Answer to Question 2

D


fasfsadfdsfa

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

daiying98

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Reply 3 on: Yesterday
Wow, this really help

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