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Author Question: Refer to Figure 13-4.Given the economy is at pointAin year 1, what is the inflation rate ... (Read 38 times)

Yi-Chen

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Question 1

Figure 13-4









Refer to Figure 13-4.  In the figure above, LRAS
1 and SRAS
1 denote LRAS and SRAS in year 1, while LRAS
2 and SRAS
2 denote LRAS and SRAS in year 2. Given the economy is at point A in year 1, what is the growth rate in potential GDP in year 2?


◦ 8%
◦ 9.1%
◦ 10%
◦ 12%

Question 2

Figure 13-4









Refer to Figure 13-4.  Given the economy is at point A in year 1, what is the inflation rate between year 1 and year 2?


◦ 0.9%
◦ 1.8%
◦ 2.7%
◦ 3.0%


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Marked as best answer by Yi-Chen on Mar 16, 2019

aruss1303

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Yi-Chen

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Reply 2 on: Mar 16, 2019
Thanks for the timely response, appreciate it


jomama

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

 

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