Suppose That the Price Level Was 100 in 2014, 110

question 322

Multiple Choice

Suppose that the price level was 100 in 2014, 110 in 2015, and 130 in 2016. Over these three years

• A) deflation occurred at an accelerating rate.
• B) the inflation rate was positive but slowing.
• C) prices were stable.
• D) the inflation rate was positive and accelerating.

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