Multiple Choice
Suppose that the inflation rate for a given year was 3%.In that year,
A) all prices rose by 3%
B) prices on average rose by 3%
C) the economy was in an expansion
D) the economy was in a recession
E) the inflation rate was rising
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q154: Parvez is trying to decide whether or
Q155: The real wage can increase only if
Q156: If you believe that the inflation rate
Q157: In general,a higher-than-anticipated inflation rate<br>A) helps everyone<br>B)
Q158: The price of a typical basket of
Q159: If the CPI for 2008 was 112,the
Q160: Which of the following describes the correct
Q161: Assume that the firefighters have gone without
Q162: If prices (as measured by the CPI)tripled
Q163: Economists widely agree that the Consumer Price