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Consider a Nation in Which the Price Index Last Year

Question 6

Multiple Choice

Consider a nation in which the price index last year was 130 and this year it is 150.Which statement is correct?


A) Inflation was 20 percent this year.
B) Deflation was 20 percent this year.
C) Housing prices must have risen.
D) Inflation was 15 percent this year.
E) Deflation was 15 percent this year.

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