Multiple Choice
Suppose that the price level was 100 in 2008, 110 in 2009, and 130 in 2010. Over these three years,
A) prices were stable.
B) deflation occurred at an accelerating rate.
C) the inflation rate was positive and accelerating.
D) the inflation rate was positive but slowing.
Correct Answer:
Verified
Correct Answer:
Verified
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