What does it mean when the CPI is higher this year than last?
A) The rate of inflation has increased.
B) There has been inflation since last year.
C) Real prices have increased.
D) Real prices have decreased.
B
Economics
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In September, buyers of silver expect that the price of silver will rise in October. What happens in the silver market in September, holding all else constant?
A) The quantity demanded increases. B) The quantity demanded decreases. C) The demand curve shifts to the right. D) The demand curve shifts to the left.
Economics
The key to sustained economic growth is increasing labor productivity
Indicate whether the statement is true or false
Economics