The Table Below Shows the Inflation Rate for the Period

question 7

Essay

The table below shows the inflation rate for the period 2006 through 2016. Suppose you wanted to show that there was not much variation in the inflation rate over this period. How would you represent this table in a graph? Suppose you wanted to show that there was a large amount of variation during this period. How would you represent this table in a graph?
$$\begin{array} { | l | l | } \hline \text { Year } & \text { Inflition R.te } \\\hline 2006 & 3.2 \\\hline 2007 & 2.9 \\\hline 2008 & 3.8 \\\hline 2009 & - [ 1.3 \\\hline 2010 & 1.6 \\\hline 2011 & 3.1 \\\hline 2012 & 2.1 \\\hline 2013 & 1.5 \\\hline 2014 & 1.6 \\\hline 2015 & 0.1 \\\hline 2016 & 1.3 \\\hline\end{array}$$

Differentiate between various definitions and components of the money supply (M1, M2).

Understand how banks create money through the process of making loans.

Grasp the origins of banking and the evolution of money creation methods.

Describe the characteristics of barter transactions and compare them with transactions involving money.