Question
How long would it take for price level to double if inflation persisted at 11 percent per year? Use the following data to calculate: (a)
How long would it take for price level to double if inflation persisted at 11 percent per year?
Use the following data to calculate: (a) the size of the labor force and (b) the official unemployment rate. Total population 1800; population under age 16 and institutionalized, 300; not in labor force, 500; unemployed, 52; workers with part-time jobs who are looking for full-time jobs, 10?
If the unemployment rate in a county is 8% and the natural rate of unemployment is 3%, what can you conclude?
Explain how decreases in spending could reverse demand pull inflation?
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