Which of the Following Best Describes the Evolution of the Price

question 112

Multiple Choice

Which of the following best describes the evolution of the price level in Canada?

• A)The price level rose at an average annual rate of about 2 percent over the past 70 years.
• B)The price level has increased about 12-fold over the past 70 years.
• C)The price level increased in the 1970s at a rate above the average of the past 70 years.
• D)The price level has never decreased over the past 70 years.

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Definitions:

Negative Relationship

Relationship in which increases in scores for one variable are associated with decreases in scores of another variable.

Instructor

A person who teaches or educates, often within a school or academic context.

Distance

A measure of the space between two points, often used in various scientific and mathematical contexts.

Pearson Correlation Coefficient

Statistic measuring the linear relationship between two variables measured at the interval and/or ratio level of measurement.