Question
a)Suppose the Happy land Bureau of Statistics indicated that the Consumer Price Index (CPI) increased 102.2 in 2017 to 105.5 in 2018.Use this information to
a)Suppose the Happy land Bureau of Statistics indicated that the Consumer Price Index (CPI) increased 102.2 in 2017 to 105.5 in 2018.Use this information to answer the following questions: (5 marks)
Calculate Happy land's inflation rate in 2018.
(i)Suppose a firm borrowed money from a bank, examine the effect of inflation to the parties (firm and bank). (2 marks)
Distinguish between structural unemployment and frictional unemployment. Examine the most hard type of unemployment to address
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American Political Economy In Global Perspective
Authors: Harold L Wilensky
1st Edition
1139227920, 9781139227926
