Use the headline to answer the following question.
"Car Prices Show an Increase of 3% since Last Year"
Based on this headline, which of the following is the BEST conclusion?
A. The entire economy has experienced inflation beyond the expected rate.
B. The entire economy has seen significant economic growth over the last year.
C. The entire economy has seen an increase in unemployment because of the rising car prices.
D. The entire economy has not experienced inflation if this was the only good that increased in price.
Answers: 2
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In microeconomics, the point at which supply and demand meet is called the blank price
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Use the headline to answer the following question.
"Car Prices Show an Increase of 3% since Last Y...
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