Author Question: The table below shows data for Indonesia. 2009 2010 Real GDP growth rate 4.5 6.0 Inflation rate ... (Read 108 times)

vinney12 · **on:** Jun 29, 2018

The table below shows data for Indonesia.

2009 2010
Real GDP growth rate 4.5 6.0
Inflation rate 4.8 5.7

Assuming the rate of velocity change is constant, the money growth rate in Indonesia was
A) 0.3 percent in 2009.
B) 11.7 percent in 2010.
C) -0.3 percent in 2009.
D) 5.7 percent in 2010.

Question 2

Suppose consumers decide they value a product more highly than before. Then the efficient quantity to produce of that product ________.

A) increases
B) does not change
C) decreases
D) perhaps changes, but without more information the direction of the change cannot be told