Solved

If There Are Only Two Goods in the Economy, One

Question 90

Multiple Choice

If there are only two goods in the economy, one whose price rises by 1% and one by 6%, it is possible that inflation is:

A) 1%
B) 2%
C) 6%.
D) 7%

Related Questions

Q9: Double counting in the national income accounts

Q63: Suppose both nominal GDP and real GDP

Q70: GDP is a:<br>A)stock concept and refers to

Q71: Which of the following is not a

Q85: If the PCE deflator increased from 88

Q89: If the nominal interest rate is 2%

Q95: If there are only two goods in

Q143: Because official price indexes do not account

Q170: How does stock differ from flow?<br>A)A flow

Q214: An increase in nominal GDP implies an