Refer to the scenario above. What is the number of employed workers in the economy?

Suppose the annual growth rate of real GDP for the nation of Vicuna is 8%, the growth rate of velocity is 0%, and the growth rate of the money supply is 12%

a. What is the current rate of inflation? b. What will happen to the inflation rate if the growth of the money supply increases to 16%? c. What will happen to the inflation rate if the growth of the money supply increases to 16%, and at the same time, the growth rate of velocity increases to 4%?

Refer to Figure 9.6. As a result of this policy, consumer surplus will

A) fall to $15. B) fall to $2250. C) rise to $2500. D) fall to $5000. E) rise to $5000.