Macro

ECON 2101 - Principles of Macroeconomics

Multiple Choice (2.5)

Indicate the best response that completes the statement or answers the question. Be sure to answer all 40 questions on your opscan form.

|1. |If the annual inflation rate is 5 percent a year, about how many years will it take for the price level to double?  |

| |  |

| |a)  |

| |10 years |

| | |

| |b)  |

| |16 years |

| | |

| |c)  |

| |14 years 70/5 |

| | |

| |d) ...