Based on the above table, if the current price level is 100 and the unemployment rate is 4 percent, then the
A) expected inflation rate is 8 percent.
B) inflation rate is 2.8 percent.
C) expected inflation rate is 2.8 percent.
D) inflation rate is 8 percent.
E) inflation rate is 108 percent.
D
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Suppose a family from Peru eats in a restaurant in Salt Lake City, Utah. How will this transaction be recorded in U.S. international transactions?
A. It is recorded in the current account as a positive (plus) item. B. It is recorded in the current account as a negative (minus) item. C. It is recorded in the capital account as a positive item. D. It is recorded in the current account as a negative item.
The American colonies' estimated cost of membership in the British Empire was, according to most economic historians, fairly large
Indicate whether the statement is true or false