Complets the first row of the table with the quantity of burgers that can be bought with $700. Hint: In this problem, your calculations result in 1.5 burgers, the answer should be 1 burger. assume it is not possible to buy a fraction of a burger, and always round down to the nearest whole burger. For example, if Year 2016 2017 Price of a Burger (Dollars) 4.00 Burgers Bought with $700 (Quantity) Suppose the government of Tralfamadore cannot raise sufficient tax revenue to pay its debts. In order to meet its debt obligations, the government prints money. As a result, the money supply rises by 20% by 2017. Assuming monetary neutrality holds, complete the second row of the table with the new price of a burger and the new quantity of burgers that can be bought with $700 in 2017. The impact of the government's decision to raise revenue by printing money on the value of money is known as the

Year 2016            700/4 = 175 Burgers

Year 2017            700/4.8 = 145  Burgers

Explanation:

YearPrice of a burger                       Burgers bought with $700

20164                                                          700/4 = 175

20174 + (20%*4) = 4 + 0.8 = 4.8                    700/4.8 = 145

(Price of burger rise by 20% in 2017 due to increase in the money supply.)

inflation tax.

(The impact is inflation tax as it reduced the value of money due to inflation.)

hi,

henry is an economist and wants to understand the relationship between inflation and consumer spending habits. for his research, he needs the consumer price index for 2014 and the inflation rate. based on the prices of goods given, what will he find to be the cpi and inflation rate for 2014? assume that a consumer’s basket for three consecutive years consists of the following:

you dont privide answer choices.

answer - 15% of a inflatation rate is 15% less in cpi

consumer credit. an advantage is that it allows consumers to afford expensive goods and services now, increasing their standard of living. however, a disadvantage is that it creates a trap for debt, if people do not have self control, they may see themselves filing personal bankruptcy.