If this is an open economy, quantity supplied of cars by the domestic producers will be ________.

The output gap is the

A) difference in graduation levels between high school and college. B) difference between actual inflation and core inflation. C) percentage deviation of real GDP from potential GDP. D) percentage increase in the growth rate of real GDP. E) percentage increase in the growth rate of real GDP minus the unemployment rate.

Refer to Table 20-19. Looking at the table above, what is the rate of growth of the average price level from 2014 to 2015?

A) 1% B) 2% C) 3% D) 4% E) 5%