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  3. Study Set
    Macroeconomics Study Set 43
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    Exam 9: B: Business Cycles, Unemployment, and Inflation
  5. Question
    The Price Level Has Doubled in 35 Years
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The Price Level Has Doubled in 35 Years

Question 144

Question 144

Multiple Choice

The price level has doubled in 35 years.The approximate annual percentage rate of increase in the price level over this period has been:


A) 50 percent.
B) 20 percent.
C) 5 percent.
D) 2 percent.

Correct Answer:

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