If This Yearʹs Price Level Is 126 and Last Yearʹs

question 231

Multiple Choice

If this yearʹs price level is 126 and last yearʹs price level was 120, the inflation rate is .

• A) 5 percent a year
• B) 0.95 percent a year
• C) 6 percent a year
• D) 1.05 percent a year

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