A decrease in ________ leads to an equal ________ in the monetary base in the short run

Based on the above table, if the current price level is 100 and the unemployment rate is 4 percent, then the

A) expected inflation rate is 8 percent. B) inflation rate is 2.8 percent. C) expected inflation rate is 2.8 percent. D) inflation rate is 8 percent. E) inflation rate is 108 percent.

According to the table above, ________ percent of total income is redistributed from the highest income group

A) 4.7 B) 2.3 C) 1.5 D) 3.8