Explain the relationship between the consumer price index and the inflation rate.Explain what we can understand by expected inflation, inflation due to an increase in aggregate demand or inflation due to a decrease in aggregate supply.Using the data in the table, integrate the expected relationship of the behavior of inflation with the phases of the economic cycle. You must use the different levels of inflation rate with economic growth and construct graphs to present your analysis arguments. Datos de variables macroeconómicos seleccionadosAlosfiscales CP inflaciónTasa de Tasa departicipación2001 85.1 2.72002 84.3 -102003 85.8192004 86.6 0.92005 902412006 96.1 662007 002422008 104.7 4.52009 076 2.82010 109.8 2.02011 11181.82012 114.7 2.62013 115.7 090.92014 116.82015 116.4-0.32016 1162 0.22017 116.9 0.62018r 1882019 119.4 0.545.445.846.646.547.048.646.645.541.740.940.339.640.040.140.140.6Fuente: https://jp.pr.gov/Econom%C3%AD/ATasa dedesempleo10.512.012.111410.610611.213.716.316.215.214014.412.811.811.510.38.5indiceCrecimiento en elproducto bruto (5)A precios A precioscorrientes constantes235.36.95.95.54.83.61511223.613-0.2120.6-1.3-481.5-0.32.12.71.90.5-12-2.9-3.6-0.1-1.8-0.8-1.6-3.21.5

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ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Explain the relationship between the consumer price index and the inflation rate.

Explain what we can understand by expected inflation, inflation due to an increase in aggregate demand or inflation due to a decrease in aggregate supply.

Using the data in the table, integrate the expected relationship of the behavior of inflation with the phases of the economic cycle. You must use the different levels of inflation rate with economic growth and construct graphs to present your analysis arguments.

Datos de variables macroeconómicos seleccionados
Alos
fiscales CP inflación
Tasa de Tasa de
participación
2001 85.1 2.7
2002 84.3 -10
2003 85.8
19
2004 86.6 0.9
2005 902
41
2006 96.1 66
2007 002
42
2008 104.7 4.5
2009 076 2.8
2010 109.8 2.0
2011 1118
1.8
2012 114.7 2.6
2013 115.7 09
0.9
2014 116.8
2015 116.4
-0.3
2016 1162 0.2
2017 116.9 0.6
2018r 188
2019 119.4 0.5
45.4
45.8
46.6
46.5
47.0
48.6
46.6
45.5
41.7
40.9
40.3
39.6
40.0
40.1
40.1
40.6
Fuente: https://jp.pr.gov/Econom%C3%AD/A
Tasa de
desempleo
10.5
12.0
12.1
114
10.6
106
11.2
13.7
16.3
16.2
15.2
140
14.4
12.8
11.8
11.5
10.3
8.5
indice
Crecimiento en el
producto bruto (5)
A precios A precios
corrientes constantes
23
5.3
6.9
5.9
5.5
4.8
3.6
15
11
22
3.6
13
-0.2
12
0.6
-1.3
-48
1.5
-0.3
2.1
2.7
1.9
0.5
-12
-2.9
-3.6
-0.1
-1.8
-0.8
-1.6
-3.2
1.5

Definition Definition Increase in the amount of goods and services produced by a country in a given period of time compared to an earlier period. Economic growth is generally coupled with a rise in national income or the purchasing power of individuals. It is often measured in terms of the increase in a country's gross domestic product (GDP), or the overall monetary value of all the complete or final services and goods that a country can produce within its domestic boundaries in a specific period.

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Explain what we can understand by expected inflation, inflation due to an increase in aggregate demand or inflation due to a decrease in aggregate supply.

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