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Author Question: If the price level rose in three consecutive years from 100 to 120 to 140, then the annual inflation ... (Read 80 times)

lunatika

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on: Jun 29, 2018
If the price level rose in three consecutive years from 100 to 120 to 140, then the annual inflation rate over those years would
 
  A) decrease. B) remain the same. C) equal 20. D) increase.

Question 2

Explain what is meant by allocative efficiency.
 
  What will be an ideal response?


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mfedorka

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

A

Answer to Question 2

Allocative efficiency means producing the goods and services that people most want at the lowest possible cost.


lunatika

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Reply #2 on: Jun 29, 2018
Correct answers!


mfedorka

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Reply #3 on: Jun 29, 2018
Great! Please up vote :D


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