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If the Price Level Is 100 in One Year and Rises

Question 106

Multiple Choice

If the price level is 100 in one year and rises to 102 the next year, then the inflation rate is

A) 2.0 percent.
B) 0.02 percent.
C) 102 percent.
D) 100 percent.
E) unable to be determined without knowing potential GDP.

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