If the Price Level Is 100 in One Year and Rises

question 45

Multiple Choice

If the price level is 100 in one year and rises to 102 the next year, then the inflation rate is

• A) 0.02 per cent.
• B) 100 per cent.
• C) 2.0 per cent.
• D) 102 per cent.
• E) unable to be determined without knowing potential GDP.

---

Definitions:

Histrionic

A rephrased definition: Pertains to a behavior or personality trait that is overly dramatic, emotionally excessive, and seeks constant attention.

Dissociative Fugue

A rare psychiatric disorder characterized by temporary amnesia for personal identity, including the memories, personality, and other identifying characteristics of individuality.

Episodic Knowledge

A type of long-term memory that involves the recollection of specific events, situations, and experiences from one's personal past.

Dissociative Disorders

Mental health conditions that involve disruptions or breakdowns of memory, awareness, identity, or perception.