The largest inflationary gap appeared a) in the 1950s, during the great U.S. hyperinflation period. O b) during the Great Recession of 2007-2009. O) in the 1990s. O d) at the end of the 1970s and in the early 1980s. O e) in the 1960s.
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- The reference base period is a period for which the is defined to equal Currently, the reference base period is 1982-1984. O A. inflation rate; 1 percent O B. PPI; 110 O C. interest rate; 1 percent O D. CPI; 100 Click to select your answer. DIWhich of the following statements are correct? Select one or more: O a. To find GDP at constant prices we can use the CPI to deflate GDP at current prices b. Inflation is measured by calculating the cost of a given bundle of goods. O c. The basket of goods used to calculate CPI inflation is tixed tor long periods O d. Some price indices adjust for the change in the quality of goods over time, as well as the change in prices.QUESTION 5Which of the following best describes inflation?O a. Economic growth.O b. An increase only in the price of energy.O c. An increase in the overall price level in an economy.O d. Ballooning debt.
- Inflation is best described as: A sustained increase in the demand for goods and services. A sustained increase in output and employment over time. A sustained increase in the supply of currency. O O O A sustained increase in prices over time. A sustained increase in the price of one or two essential goods like the price of gasoline and food. Moving to the next question prevents changes to this answer. JUL 19 tv 10 MacBook Pro AWhich of the following does not influence the rate of inflation? O a. The number of people affected by inflation O b. the rate of trade with other countries O c. The rate of growth in other countries O d. The rate at which prices are risingEconomists use the term inflation to describe a situation in which Select one: O a. the economy's overall price level is rising. O b. some prices are rising faster than others. O c. the economy's overall price level is high, but not necessarily rising. O d. the economy's overall output of goods and services is rising faster than the economy's overall price level.
- Suppose Lori agrees to lend her sister Holly $1000 for one year at a fixed nominal rate of interest. Suppose further that, at the time the loan is made, Lori expects the rate of inflation to be 4 percent and Holly expects it to be 3 percent over the course of the year. If the actual inflation rate turns out to be 5 percent, then Lori will be off and Holly will be off than expected, everything else held constant. Select one: O A. better; better O B. worse; worse O C. better; worse OD. worse; betterWhich of the following shifts in aggregate demand and short-run aggregate supply would cause an unambiguous increase in inflation? Select one: O a. A decrease in AD and an increase in SRAS O b. No change in AD and an increase in SRAS O c. An increase in AD and an increase in SRAS d. An increase in AD and a decrease in SRAS O e. A decrease in AD and a decrease in SRASn a particular economy, the price index was 120 in 2012 and 130 in 2013. Which of the following statements is correct? O a. The economy experienced a rising price level between 2012 and 2013. O b. The economy experienced a higher inflation rate between 2012 and 2013 than it had experienced between 2011 and 2012. O c. The inflation rate between 2012 and 2013 was 10 percent. Od. The base year is 2011.
- QUESTION 20 Table: The table below is for an imaginary economy of Orangeland where a typical consumer basket consists of 2 blankets and 10 coffees. Price of a Price of a Year Blanket Coffee 2017 $40 $3 2018 $45 $4 2019 $50 $5 Refer to Table. If the base year is 2018, then the economy's inflation rate in 2019 was O a. 15.38 percent. O b. 13.98 percent. Oc. 25.00 percent. O d. 20.00 percent.Which of the following statements are correct? Select one or more: O a. To find GDP at constant prices we can use the CPl to deflate GDP at current prices O b. Inflation is measured by calculating the cost of a given bundle of goods. c. The basket of goods used to calculate CPI inflation is fixed for long periods O d. Some price indices adjust for the change in the quality of goods over time, as well as the change in prices.>> VAN си Question 5 Which of the following event leads to cost-push inflation? A) A fall in the price of oil B) A fall in business tax. C A rise in input prices. D A rise in the quantity of labor Question 6 O E * 1080 Fi n 31