What is the underlying concept behind future price level uncertainty? Consider the following data that gives…

How does future price levels relate to fundamental views?

The information below provides you with production quantities
The unit prices of the three commodities within two years.
Answer the following six questions. Suppose A, B, and C represent commodities.
is the economic aggregate and the base year

Good Price 2017 Quantity 2017 Price 2018 Quantity 2018
$2.00 500 $2.00 600
B )$1.00 750 $1.50 $800
C $2.00 $300 $3.00 300

What is the level of inflation in 2017 and 2018(* ) A set of responses






Look at the information below, it will give you the quantity and
To answer the following question, the prices of two goods manufactured in an economic environment
Three questions.


price wheat
50 million bushels $2/bushel tv
1,000,000 $500/tv if these two items are produced by an economy everything of,
How much is GDP (gross domestic product) worth?

A set of answers

$100 million

$750 million


$800 million

$600 million


# in millions )Employees
247 Employed
159 Number of employed
88 Employed
144 Unemployed
15 This table shows the current unemployment rate .
Economy Same as

Group answer





12, 6%.

Based on the activity rate table below
In this economy, ________

corresponds to a set of answers






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