The data in the above table indicate that the economy will be in ...

[Tazate]

The data in the above table indicate that the economy will be in a short-run macroeconomic equilibrium at a price level
 
  A) between 130 and 121.
  B) between 119 and 111.
  C) of 120.
  D) of 110.

Question 2

Suppose the price of coffee is 3 each, the price of bagels is 2 each and a person's budget is 40. The relative price of coffee is
 
  A) 1.5 bagels.
  B) 2/3 of a bagel.
  C) 13.33 bagels.
  D) 20 bagels.

[pangili4]

Answer to Question 1

B

Answer to Question 2

A

[Tazate]

Excellent

[billybob123]

Thanks for the timely response, appreciate it