Suppose the price levels in an economy in four successive years ...

[Mimi]

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

[shaquita]

Answer to Question 1

c

Answer to Question 2

True

[Mimi]

Thanks for the timely response, appreciate it

[chereeb]

Gracias!