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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 37 times)

lunatika

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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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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.





 

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