Multiple Choice
Consider a nation in which the price index was 150 last year and this year it is 130.Which statement is correct?
A) Inflation was 20 percent this year.
B) Deflation was 20 percent this year.
C) Housing prices must have fallen.
D) Inflation was 13.33 percent this year.
E) Deflation was 13.33 percent this year.
Correct Answer:
Verified
Correct Answer:
Verified
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