Author Question: An increase in the price level in the economy leads to A) a leftward shift in the demand for ... (Read 109 times)

bcretired · **on:** Jun 30, 2018

An increase in the price level in the economy leads to

A) a leftward shift in the demand for money curve.
B) a rightward shift in the demand for money curve.
C) a leftward movement along the demand for money curve.
D) a rightward movement along the demand for money curve.

Question 2

In the current year, the CPI is 122 and during the previous year the CPI was 115. The inflation rate between these years is

A) -5.7 percent. B) -6.1 percent. C) 6.1 percent. D) 5.7 percent. E) 1.61 percent.