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Author Question: An increase in the price level in the economy leads to A) a leftward shift in the demand for ... (Read 102 times)

bcretired

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on: Jun 30, 2018
An increase in the price level in the economy leads to
 
  A) a leftward shift in the demand for money curve.
  B) a rightward shift in the demand for money curve.
  C) a leftward movement along the demand for money curve.
  D) a rightward movement along the demand for money curve.

Question 2

In the current year, the CPI is 122 and during the previous year the CPI was 115. The inflation rate between these years is
 
  A) -5.7 percent. B) -6.1 percent. C) 6.1 percent. D) 5.7 percent. E) 1.61 percent.


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helenmarkerine

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Reply #1 on: Jun 30, 2018
Answer to Question 1

B

Answer to Question 2

C


bcretired

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Reply 2 on: Jun 30, 2018
Wow, this really help

mochi09

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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