Author Question: The data in the above table indicate that the economy will be in a short-run macroeconomic ... (Read 79 times)

Tazate · **on:** Jun 29, 2018

The data in the above table indicate that the economy will be in a short-run macroeconomic equilibrium at a price level

A) between 130 and 121.
B) between 119 and 111.
C) of 120.
D) of 110.

Question 2

Suppose the price of coffee is 3 each, the price of bagels is 2 each and a person's budget is 40. The relative price of coffee is

A) 1.5 bagels.
B) 2/3 of a bagel.
C) 13.33 bagels.
D) 20 bagels.