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1 A country's CPI was 100 last year and 95

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1 A country's CPI was 100 last year and 95.7 this year. The inflation rate was Select one: a. – 9.57% per cent. b. - 4.3 per cent. C. - 0.43 per cent. d. 4.5 per cent. e. -4.5 per cent.

2 

Give a detailed explanation of Ricardian equivalence. How is Ricardian equivalence affected by a country’s current debt level?

3 

The main role of competition policy is to protect the firm's incentives to innovate.

True / False - Explain?