Many Economists View a 3% Annual Inflation Rate as "Acceptable

question 64

Multiple Choice

Many economists view a 3% annual inflation rate as "acceptable". Assuming a 3% annual increase in the price of automobiles, how much will a new Suburban cost you five years from now, if today's price is $48,000?

• A) $41,405
• B) $48,000
• C) $54,024
• D) $55,200
• E) $55,645

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Definitions:

Falling Asleep

The transition from wakefulness to sleep, marked by a decrease in bodily movement, responsiveness to external stimuli, and eventual entry into the sleep cycle.

Remaining Asleep

The state or condition of continuing to be asleep after initially falling asleep, often considered in the context of sleep quality and disorders.

Delta Waves

Brain waves that are most prominent during deep sleep and are characterized by their slow frequency.

Stage 4 Sleep

Stage 4 Sleep, also known as delta sleep or deep sleep, is a stage of sleep characterized by slow brainwaves and minimal body activity, where restorative and growth processes occur.