A. 5.4 percent
B. 30.7 percent
C. You can’t tell without knowing the base year
D. 5.1 percent
A. shift the short-run aggregate supply curve to the left
B. shift the aggregate demand curve to the right
C. shift the short-run aggregate supply curve to the right
D. shift the aggregate demand curve to the left
A. Inflation
B. Hyper-inflation
C. Deflation
D. Disinflation
A. Those who could claim benefit if they were to become unemployed.
B. The population between school leaving age and retirement age.
C. anyone who is working or actively seeking work
D. Those of working age who are seeking work and are available to for work at current wage rates.
A. Progressive and thus bear down on the wealthy
B. regressive and thus bear down on the poor
C. proportional and thus bear down on all consumers in the same manner
D. deflationary and thus result in reductions in the price of imports
A. inflation
B. a supply shock
C. crowding out
D. inflation illusion
A. Grant right of the clean air to citizens so that firms must purchase the right to pollute
B. Auctions off pollution permits.
C. Regulate the amount of pollutants that firms can put in the air
D. all of these answers