In the above table, the inflation rate between 2012 and 2013 is approximately
A) 0.9 percent.
B) 1 percent.
C) 10 percent.
D) 100 percent.
C
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How does a country maintain a fixed exchange rate?
A) By intervening in the foreign exchange markets and buying or selling currency as needed to achieve the desired exchange rate. B) By forbidding foreign exchange markets to trade currency at anything other than the official exchange rate. C) By setting domestic interest rates to achieve purchasing power parity as the desired exchange rate. D) By intervening in import and export markets to achieve the desired current account and exchange rate.
A price floor is: a. the lowest legal price that can be paid in markets for goods and services. b. the highest legal price that can be charged in markets for goods and services. c. decided by the sellers of a good or service
d. decided by the consumers of a good or service.