Answer 23) a. The demand side inflation is short lived while supply side inflation lasts for long time

Explanation:controlling inflation from supply perspective is more inclusive and sustainable.on the other hand using monetary policy for demand side inflation is short term in nature and not inclusive.

Answer 24) b. Increase in raw material Price

Explanatiom:The overall price level increases due to higher costs of production which reflects in terms of increased prices of goods and commodities which majorly use these inputs. This is inflation triggered from supply side i.e. because of less supply.

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Homework: HW4: Chapter 3 om Score: 0 of 1 pt 9 of 25 (15 complete) Intil y 3.3.9 For the following problem, do not include a graph. (a) For the parabola y = 2x~ + 3x + 1, find the vertex. (b) Does the vertex correspond to the highest point or the lowest point on the graph? orke (a) The vertex is (Simplify your answer. Type an ordered pair.) It Scq its: stion stion ition6. All economies have goods markets, factor (e.g. labour) markets and money markets. Prices serve to co-ordinate the potentially millions of consumers and thousands of firms such that, in the words of Thomas Nechyba, "spontaneous order" in the economy is achieved. Discuss the role that markets and prices play in answering the 'three fundamental questions of economics': What to produce? How to produce it? and For Whom it is produced? Also, how does the First Welfare Theorem relate to how markets and prices function? (7 marks)A Moving to another question will save this response. Question 3 The term differential cost refers to: A cost which continues to be incurred even though there is no activity. A cost which does not involve any dollar outlay but which is relevant to the decision-making process. A difference in cost which results from selecting one alternative instead of another. The benefit forgone by selecting one alternative instead of another. 1 Moving to another question will save this response.Question 2 CO2, PO11, C2 In economics, interest can be defined as money paid by a borrower to a lender for a credit or a similar liability. Whereas, interest rate is defined by the interest paid over a time period expressed as a percentage of principal. Based on these fundamental understandings, answer all following questions; i. What is the different (by definition) between simple and compound interest? (1 marks) ii. Calculate the amount deposited 1 year ago to have RM5000 now at the interest rate (ROR) of 10% per year. Calculate the amount of interest earned during this time period (4 marks)