When the CPI rises ________, the inflation rate is ________. ...

[swpotter12]

When the CPI rises ________, the inflation rate is ________.
 
  A) rapidly; low
  B) rapidly; high
  C) steadily; zero
  D) slowly; high
  E) rapidly; either high, low, or zero depending on whether production of output is increasing, decreasing, or not changing.

Question 2

Explain the difference between a change in quantity supplied and a change in supply.
 
  What will be an ideal response?

[shaikhs]

Answer to Question 1

B

Answer to Question 2

A change in quantity supplied of a product is caused by a change in the price of the product. It is represented by a movement along the product's supply curve. A change in supply of a product is caused by a change in a variable other than the price of the product. It is represented by a shift of the supply curve.

[swpotter12]

TYSM

[chjcharjto14]

Thanks for the timely response, appreciate it