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Suppose the Average Level of Prices Increased from 100 to 110

Question 115

Multiple Choice

Suppose the average level of prices increased from 100 to 110 between 2007 and 2008,and from 110 to 115 between 2008 and 2009.Between 2008 and 2009,there was:


A) deflation.
B) hyperinflation.
C) disinflation.
D) inflation in the real price of everything.

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