The Consumer Price Index for the different years are as follows. 2017 299,74 2018 330,75 2019 398,07 2020 446,45     Calculate Inflation rate for 2018, 2019, and 2020.  What kind of fiscal policy will you use to fight against inflation. Explain it briefly.

Q: Explain how discretionary fiscal or monetary policies can be used to bring down the inflation rate.…

A: Fiscal policy is the policy of the government regarding the fiscal matters such as the tax rate of…

Q: Describe what is the Specific inflation rate? Give an example?

A: Inflation rate: The term inflation refers to the average price rise over a certain period of time.…

Q: Calculate the answers below, rounding to two decimal places. Fill in the missing values.   The CPI…

A: Gross Domestic Product (GDP) is defined as the monetary value of all the final good and services…

Q: Q)If the US economy is in the following situation in 2022, what fiscal policies do you recommend…

A: Fiscal policy basically refers to the process through which a government modifies its expenditure…

Q: When the government increases spending (expansionary fiscal policy), inflation and employment are…

A: Fiscal policy refers to the policy that is implemented by the government through tax rates and…

Q: Last year the Carter family earned $50 000. This year their income is $52 000. In an economy with an…

A: The income for the family would be the total amount of money which would be earned by the family.…

Q: Consider a simple economy that produces two goods: pens and erasers. The following table shows the…

A: Nominal GDP is the market value of all final goods and services produced by a nation at the current…

Q: Explain what is the relationship between the consumer price index and the inflation rate.

A: Inflation is referred to an increase in the general level of prices of goods and services in the…

Q: Q.1.14 If the inflation rate is 6% and Susan receives a 6% increase in income, then, over the year,…

A: You have posted multiple questions. According to the answer guideline, we are supposed to give…

Q: If the primary goal is to reduce inflation, which of the following fiscal policy actions would be…

A: Fiscal policy refers to change in government expenditure and revenue(taxes) in order to achieve…

Q: Briefly state two reasons why inflation may be considered to be an economic problem.

A: We can define a rise in the overall level of prices in an economy as Inflation.

Q: Someone answer this question asap A major side-effect of a stimulating fiscal policy is that it…

A: Fiscal policy will increase the government deficit . It will lead to increasing the government…

Q: Suppose that the tax on interest income is levied on the nominal interest rate, the tax rate is 10…

A: The nominal interest rate refers to that rate which is actually advertised and observed when funds…

Q: 32- If there is inflation and high unemployment in an economy, there is X in this economy.” Find…

A: National Income is the total value of goods and services produced during a financial year by an…

Q: Consider the following Price Index in 2017 90 Price Index in 2018 100 Price Index in 2019 106 Price…

A:

Q: How does demand-pull inflation differ from cost-push inflation?

A: The inflation is an abnormal increase in the general price level in the economy. The price will…

Q: Explain how government revenues can benefit from inflation?

A: Inflation refers to a situation where the general price level in the nation experiences an upward…

Q: Use the chart to answer the following question. Fiscal Policy Government Spending Taxes A increase…

A: The tools of fiscal policy are: 1. Government spending  2. Taxes

Q: Suppose that the tax on interest income is levied on the nominal interest​ rate, the tax rate is 30…

A: Nominal interest rate: The interest rate which is taken without considering the rate of inflation is…

Q: discuss the economic consequences of inflation

A: Inflation is the general increase in the overall price level in an economy during a particular…

Q: There are two years. Consumers consume oranges and pears. The basket is five oranges and five pears…

A: Inflation refers to the rise in the overall price level in an economy. The Laspayres index gets…

Q: Rosa received a 2% raise at work and her coworker, Amy, received a 5% raise. Inflation is currently…

A: Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: From the data in the table below, what was the rate of inflation for the year ended December 2009?…

A: The Consumer Price Index refers to the measure of the average change over time in the prices paid by…

Q: Economists widely agree that the Consumer Price Index understates the true U.S. inflation rate.…

A: Consumer price index does not include imported goods.

Q: Which of the following events may lead to deflation? A. decrease in government spending during a…

A: Deflation is the decrease in average price level of goods and services in the economy.

Q: Do you think continued inflation is a demand-side phenomenon or a supply-side phenomenon? Use…

A: Inflation is the situation when the general price level in the economy rises and leads to possible…

Q: If your nominal income rose by 5.3 percent and the price level rose by 4.8 percent in some year, by…

A: Formula for nominal Growth = (1+real growth)(1+inflation) -1

Q: Chapter Problem 4 Qu In 2006, an economy was at full employment. The quantity of money was growing…

A: As per Fisher Effect Real Interest Rate = Nominal Interest Rate - Inflation Rate A Nominal Interest…

Q: Whether you gain or lose during a period of inflation depends on: a) how the price increases affect…

A: During the period of inflation, the general price level will continuosly rising.

Q: The college graduates of 2000 could hardly have asked for better luck. The unemployment rate dropped…

A: Unemployment is defined as the state of not having a job. Unemployment is the number of people in…

Q: If the employment rate increase reine 10% to 14% the economy wi

A: Employment rates measure the number of people who are currently working and have jobs.

Q: What are the steps of the revenue cycle? Which step do you believe is the most important and why

A: Revenue is the monetary reward that is gained by the firm when it sells the goods and services to…

Q: If the tax is 40 percent compute the before tax interest rate and the after tax real interest rate…

A: Real interest rate refers to the interest rate that adjusted with the inflation. Real interest rate…

Q: Name several forms of indexing in the private and public sector.

A: Indexing refers to the measure/indicator of something. In the financial market, indexing is used as…

Q: Give the examples of the constant dollars used by the government?

A: The real dollars or constant dollars refer to the constant value of dollars based on one point in…