Last year the CPI was 177.1 and this year the CPI is 180.9. What was the inflation rate between these two years?
What will be an ideal response?
The inflation rate equals [(180.9 - 177.1 ) ÷ 177.1] × 100 = 2.1 percent.
Economics
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Microeconomics is a branch of economics that examines the impact of choices on aggregates in the economy.
a. true b. false
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What happens to the marginal cost curve when the marginal physical product of labor is rising?
A) It becomes upward sloping. B) It becomes vertical. C) It becomes downward sloping. D) It becomes horizontal.
Economics