Table 21.3.3 -Refer to Table 21.3.3. the IMF World Economic Outlook Reports

Multiple Choice

Table 21.3.3

-Refer to Table 21.3.3. The IMF World Economic Outlook reports the price level data given in the table. The region with the highest inflation rate in 2007 is ________. The region with the highest inflation rate in 2008 is ________.

A) the Euro area; the United States
B) Japan; the United States
C) the Euro area; Japan
D) the United States; Japan
E) the United States; the Euro area