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Author Question: Suppose that the consumer price index (CPI) was 160 in Year X and 166 in Year Y, inflation during ... (Read 96 times)

strangeaffliction

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on: Jun 30, 2018
Suppose that the consumer price index (CPI) was 160 in Year X and 166 in Year Y, inflation during Year Y was approximately:
 a. zero; prices were stable.
  b. 3.8 percent.
  c. 6 percent.
  d. 66 percent.

Question 2

The school of economic thought which argues that through tax reductions, and deregulation, government creates the proper incentives for the private sector to increase aggregate supply is known as the:
 a. rational expectations school.
  b. neo-Keynesian school.
  c. supply-side school.
  d. new classical school.
  e. classical school.


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IAPPLET

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Reply #1 on: Jun 30, 2018
Answer to Question 1

b

Answer to Question 2

c


strangeaffliction

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Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

adf223

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Reply 3 on: Yesterday
Excellent

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