Multiple Choice
Consider a nation in which the price index was 150 last year and this year it is 130.Which statement is correct?
A) Inflation was 20% this year.
B) Deflation was 20% this year.
C) Housing prices must have fallen.
D) Inflation was 13.33% this year.
E) Deflation was 13.33% this year.
Correct Answer:
Verified
Correct Answer:
Verified
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