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Author Question: Suppose the price levels in an economy in four successive years are 100, 120, 133, and 140 . Which ... (Read 40 times)

Mimi

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on: Jun 30, 2018
Suppose the price levels in an economy in four successive years are 100, 120, 133, and 140 . Which of the following is true in such a case?
 a. The economy is experiencing hyperinflation.
 b. The economy is experiencing deflation.
 c. The economy is experiencing inflation.
 d. The economy is experiencing increasing inflation.
  e. The economy is experiencing disinflation.

Question 2

The Lorenz curve is best used to measure the distribution of income.
 a. True
  b. False
  Indicate whether the statement is true or false


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shaquita

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

c

Answer to Question 2

True


Mimi

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Reply 2 on: Jun 30, 2018
Excellent

ttt030911

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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