Author Question: If this year's price level is 126 and last year's price level was 120, the inflation rate is ... (Read 115 times)

itsmyluck · **on:** Jun 29, 2018

If this year's price level is 126 and last year's price level was 120, the inflation rate is ________.

A) 0.95 percent a year
B) 5 percent a year
C) 6 percent a year
D) 1.05 percent a year

Question 2

For an increase in the quantity demanded but not an increase in demand to occur, there must be a

A) rightward shift of the demand curve.
B) movement along the demand curve.
C) rightward shift of the demand curve and a movement along the demand curve.
D) Both answers B and C are correct.