If the aggregate price level at time t is denoted by Pt, the inflation rate from time t - 1 to t is defined as
A) ?t = (Pt - Pt - 1)/Pt - 1.
B) ?t = (Pt + 1 - Pt - 1)/Pt - 1.
C) ?t = (Pt + 1 - Pt )/Pt.
D) ?t = (Pt - Pt - 1)/Pt.
A
Economics
You might also like to view...
If the absolute price elasticity of demand for concert tickets is 0.75, an increase in ticket prices will
A) increase total revenue. B) decrease total revenue. C) not change the elasticity of demand. D) not change total revenue.
Economics
Refer to the information provided in Figure 2.4 below to answer the question(s) that follow.
Figure 2.4According to Figure 2.4, Point A necessarily represents
A. only hybrid cars being produced. B. an unattainable production point. C. what society wants. D. the economy's optimal production point.
Economics