If the Price Level Rose in Three Consecutive Years from 100

question 239

Multiple Choice

If the price level rose in three consecutive years from 100 to 120 to 140,then the annual inflation rate over those years would

• A)increase.
• B)remain the same.
• C)decrease.
• D)equal 20%.

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Definitions:

Deductive Argument

A form of reasoning where, if the premises are true, the conclusion must also be true, proceeding from general principles to a specific case.

Causal Arguments

Reasoning that seeks to establish a cause-and-effect relationship between two or more phenomena.

Correlation

A measure or degree of relationship between two variables where changes in one variable correspond to changes in the other, though not necessarily implying causation.

Self-Selected Sample

A sample where only the people most interested in the poll or survey participate.