If the Rate of Inflation Is 12 Percent Per Year

question 70

Multiple Choice

If the rate of inflation is 12 percent per year, the price level will double in about

• A) 4.1 years.
• B) 5.8 years.
• C) 10.2 years.
• D) 12.4 years.

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Definitions:

Poison Ivy

A plant that produces urushiol, a skin-irritating substance causing itching, redness, and blisters upon contact.

Anhidrosis

The incapacity for normal perspiration, potentially causing the body to overheat.

Sweat

A liquid produced by the body's sweat glands designed to cool the body through evaporation, also known as perspiration.

Dermis

The thick layer of living tissue below the epidermis containing hair follicles, sweat glands, and providing mechanical strength to the skin.