General Equilibrium assumptions are the same assumptions we used in a ___________________

In economics, the concept that individuals are motivated by self-interest and respond predictably to opportunities for gain is known as

A) rational self-interest. B) altruism. C) sufficiency. D) empiricism.

Using the quantity equation, if the velocity of money grows at 5 percent, the money supply grows at 10 percent, and real GDP grows at 4 percent, then the inflation rate will be

A) 19 percent. B) 15 percent. C) 11 percent. D) 6 percent.