If the Consumer Price Index was 165 in one year and 175 in the next year, then the rate of inflation from one year to the next was approximately:

Explain the effects of a permanent increase in the U.S. money supply in the short run and in the long run. Assume that the U.S. real national income is constant

What will be an ideal response?

Marginal cost is defined as the increase in total cost resulting from an increase in:

a. one unit of output. b. output of 100 units. c. a firm's plant size. d. one unit of labor.