The beneficiaries of the minimum wage are confined to those in poverty

Refer to Table 9-7. Suppose that the data in the table above reflect price levels in the economy. What is the inflation rate between 2015 and 2016?

A) 2.9% B) 3.5% C) 4.6% D) 5% E) 7.5%

Which of the following is an objective of macroeconomic stabilization?

(a) eliminating current account deficits. (b) controlling inflation. (c) restoring fiscal balance. (d) all of the above.