Multiple Choice
The inflation rate is the
A) percent increase in the average level of prices over a year.
B) percent increase in output over a year.
C) percent increase in the unemployment rate over a year.
D) price level divided by the level of output.
Correct Answer:

Verified
Correct Answer:
Verified
Q59: Equilibrium in the economy means<br>A)unemployment is zero.<br>B)quantities
Q60: What are the major factors affecting the
Q61: When national output declines,the economy is said
Q62: Aggregation is the process of<br>A)calculating real GDP
Q63: Assumptions for economic theories and models should
Q65: Short-run contractions and expansions in economic activity
Q66: The primary factor that caused some economists
Q67: A country is said to be experiencing
Q68: A country is said to be experiencing
Q69: Which of the following factors are most