If the Consumer Price Index (CPI) for 1989 was 124.0 and the CPI for 1988 was 122.4, what was the rate of inflation? 1.6 percent

1.3 percent

13 percent

16 percent

explanation:

1. seasonal

2. frictional unenployment

3. the number of the labor force multiplied by 100 and then subtract the number of unemployed.

4. 4%

5. an increase in prices

would it be plagiarism to copy and paste off of here? ?

changes in factors like average income and preferences can cause an entire demand curve to shift right or left. this causes a higher or lower quantity to be demanded at a given price. demand curves relate the prices and quantities demanded assuming no other factors change. it is important for consumers to know this information, because it is crucial for them to know what they can afford and can't afford. i hope this .