Answer questions below:The CPI was 160 in 1990. The CPI was 166 in 1991. The inflation rate was 5% from 1991 to 1992.What was the inflation rate from 1990 to 1991? Round to the nearest tenth.a. 2.5% b. 3.4% c. 3.8% d. 5.0%What was the CPI in 1992? Round to the nearest whole number. a. 174 b. 178 c. 185 d. 190You find $10,000 in an old suit you purchased at a thrift store. You deposit that $10,000 into your checking account. Assume the reserve ratio is 8.33%, banks hold no excess reserves, and everyone stores their wealth in checking accounts. To the nearest dollar, how much money have you created by putting that $10,000 back into circulation (count the initial $10,000)?a. $833 b. $10,909 c. $112,112 d. $120,048Due to the concept of , central banks are wary of letting the nominal interest rates fall too low during economic expansions. a. monetary neutrality b. zero lower boundc. the Laffer curve d. liquidity preference

If we begin at longrun equilibrium in the AD-AS model, which of the following would cause a recessionary gap? a. a positive demand shock b. a positive supply shock c. an increase in the money supply d. an increase in tax rates Mark produces only cream cheese and apples. Working efficiently, Mark can produce 18 tons of cream cheese and 0 tons of apples Also working efficiently, Mark can produce 6 tons of apples and 0 tons of cream cheese. Assuming constant opportunity cost, which of the following is an inefficient allocation of production. a. 12 tons cream cheese and 2 tons apples. b. 9 tons cream cheese and 3 tons apples. 0. 15 tons cream cheese and 5 tons apples. d. 5 tons cream cheese and 4 tons apples