Which of the following would decrease the price level?
a) an increase in the expected price level.
b) an increase in the natural rate of unemployment.
c) a decrease in taxes.
d) a decrease in the money supply.
Ans: d) a decrease in the money supply.
Economics
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Suppose that the CPI in Egypt was 111 in 2015 and 122 in 2016. The inflation rate between those two years was approximately:
A. 4.8 percent. B. 5.5 percent. C. 9.9 percent. D. 11 percent.
Economics
Restaurants and retail stores often give 10% senior citizen discounts. Use the concept of elasticity to explain how this can be profit maximizing behavior.
What will be an ideal response?
Economics