Refer to Table 9-7. Suppose that the data in the table above reflect price levels in the economy. What is the inflation rate between 2015 and 2016?

A) 2.9% B) 3.5% C) 4.6% D) 5% E) 7.5%

A

Economics

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Money held for making everyday market purchases represents the

A. Precautionary demand for money. B. Transactions demand for money. C. Speculative demand for money. D. Crisis demand for money.

Economics

Refer to the figure below. The socially optimal quantity in this market is ________ units per day.

A. T B. W C. V D. U

Economics