( please briefly answer these question, would like clear short answers)

1. Why are we interested in price level?
2. Why unpredictable inflation and deflation are problem?
3. How is the CPI constructed?
4. The CPI might overstate the true inflation rate for four reasons: new goods bias, Quality change bias, Commodity substitution bias, Outlet substitution bias why?
5. CPI why is it used? And how is it beneficial for us? How does it indicate deflation and increase decrease of price levels
6. What determines potential GDP?
7. What makes potential GDP grow?
8. What are the sources of economic growth?
9. Why labor productivity grows and give three things influence its pace?
10. Understand how much unemployment rate is or the employment populate ratio is the other concern of how people are employed over the working population.
11. How Banks Create Money
12. The Money Creation Process
13. Financial Markets The Loanable Funds Market, Changes in demand & supply, Government impact on the loanable fund market