If the Aggregate Price Level at Time T Is Denoted

question 79

Multiple Choice

If the aggregate price level at time t is denoted by Pt,the inflation rate from time t - 1 to t is defined as

• A)πt = (Pt - Pt ₋ ₁)/Pt ₋ ₁.
• B)πt = (Pt ₊ ₁ - Pt ₋ ₁)/Pt ₋ ₁.
• C)πt = (Pt ₊ ₁ - Pt )/Pt.
• D)πt = (Pt - Pt ₋ ₁)/Pt.

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