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Suppose That the Price Level Was 100 in 2011, 110

Question 65

Multiple Choice

Suppose that the price level was 100 in 2011, 110 in 2012, and 130 in 2013. Over these three years


A) deflation occurred at an accelerating rate.
B) the inflation rate was positive but slowing.
C) prices were stable.
D) the inflation rate was positive and accelerating.

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