If the CPI this year is 240 and the CPI in the previous year was 200, what is the annual inflation rate?
A) 20.0 percent
B) 50 percent
C) 16.7 percent.
D) -16.7 percent
E) 40.0 percent
A
Economics
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A) distributes Federal Reserve notes, which are paper currency. B) is responsible for conducting U.S. fiscal policy. C) has 15 Federal Reserve banks and governing boards in New York and Chicago. D) is responsible for minting coins.
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The unregulated, single-price monopoly shown in the figure above makes a total economic profit of
A) $24. B) $16. C) $8. D) $4.
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