Suppose $100 Buys Less in the Year 2007 Than in 2000

question 82

Multiple Choice

Suppose $100 buys less in the year 2007 than in 2000. Then we can say that

• A)there must have been inflation between 2000 and 2007.
• B)there must have been deflation between 2000 and 2007.
• C)the economy must have been growing rapidly between 2000 and 2007.
• D)the economy must have been growing slowly between 2000 and 2007.

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