Multiple Choice
Refer to Figure 10.2 for the following questions.
Figure 10.2
-In Figure 10.2, given the economy is at point A in year 1 and point B in year 2, what is the rate of increase in the price level (the inflation rate) between those two years?
A) 1.8%
B) 2.7%
C) 3.0%
D) 0.9%
Correct Answer:

Verified
Correct Answer:
Verified
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