PRINCIPLES OF MACROECONOMICS(LOOSELEAF)
PRINCIPLES OF MACROECONOMICS(LOOSELEAF)
7th Edition
ISBN: 9781260110920
Author: Frank
Publisher: MCG
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Chapter 10, Problem 8P

(a)

To determine

Determine the price level of 2016 and 2017 and the rate of inflation between the two years.

(b)

To determine

Identify the rate of inflation between 2016 and 2017, if the money supply is $1,100.

(c)

To determine

Identify the rate of inflation between 2016 and 2017, if the money supply is $1,100 and output is 12,600 in 2017.

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