Multiple Choice
The 'inflation rate' is measured as the:
A) percentage change in the relevant price index from one time period to another.
B) change in the price level between two time periods, multiplied by 100.
C) percentage change in prices in time period 1 minus the percentage change in prices in time period 2, multiplied by 100.
D) price index in time period 2 minus the price index in time period 1.
Correct Answer:
Verified
Correct Answer:
Verified
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