Multiple Choice
Suppose that the price level in China was 100 in 2007, 110 in 2008, 120 in 2009, and 130 in 2011.Over this time period,
A) the inflation rate increased.
B) zero inflation occurred.
C) the inflation rate was positive.
D) the inflation rate decreased.
E) Both C and D are correct.
Correct Answer:
Verified
Correct Answer:
Verified
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