Author Question: In China, suppose that the price level was 100 in 2014, 110 in 2015, and 120 in 2016. Over these ... (Read 51 times)

Tirant22 · **on:** Jun 29, 2018

In China, suppose that the price level was 100 in 2014, 110 in 2015, and 120 in 2016. Over these three years

A) the inflation rate accelerated.
B) inflation did not occur.
C) prices were stable.
D) the inflation rate was positive.

Question 2

A U.S. tariff on textiles would ________ U.S. clothing prices and ________ jobs in the U.S. textile industry.

A) reduce; decrease
B) reduce; increase
C) raise; decrease
D) raise; increase