Multiple Choice
Suppose the price levels in four successive years are 100,120,133,and 140.Which of the following is true?
A) The economy is experiencing hyperinflation.
B) The economy is experiencing deflation.
C) The economy is experiencing inflation.
D) The economy is experiencing increasing inflation.
E) The economy is experiencing reflation.
Correct Answer:
Verified
Correct Answer:
Verified
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