Multiple Choice
In China, suppose that the price level was 100 in 2007, 110 in 2008, 120 in 2009, and 130 in 2011. Over these three years,
A) the inflation rate was positive.
B) prices were stable.
C) inflation did not occur.
D) the inflation rate accelerated.
Correct Answer:
Verified
Correct Answer:
Verified
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