During the 1970s, the inflation rate and the unemployment rate were inversely related

Using the information in Table 6.2, the Astro Consumer Price Index for 2016 is

A) 87. B) 104. C) 131. D) 298.

When oranges increase in price, the income effect

A) decreases the consumption of oranges only if oranges are a normal good. B) decreases the consumption of oranges only if oranges are an inferior good. C) always increases the consumption of oranges. D) always decreases the consumption of oranges.