If the Price Levels for the Last Three Months Have

question 47

Multiple Choice

If the price levels for the last three months have been 112, 125 and 126, we would say

• A)inflation was less rapid between the first and second month than between the second and third month.
• B)inflation has been constant over the three months.
• C)inflation was more rapid between the first and second month than between the second and third month.
• D)inflation has steadily increased over the three months.

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Definitions:

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