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Author Question: Refer to Table 20-5. Consider the following values of the consumer price index for 2015 and 2016. ... (Read 97 times)

Collmarie

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on: Jun 29, 2018
Refer to Table 20-5. Consider the following values of the consumer price index for 2015 and 2016. The inflation rate for 2016 was equal to
 
  A) 215 percent. B) 21.5 percent. C) 8.0 percent. D) 3.9 percent.

Question 2

Real GDP will increase
 
  A) only if the quantity of final goods and services produced rises.
  B) if either the price level rises or the quantity of final goods and services produced rises.
  C) only if the price level rises.
  D) only if the price level falls.


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dlook33

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

D

Answer to Question 2

A


Collmarie

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Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

AmberC1996

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Reply 3 on: Yesterday
:D TYSM

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