If the Price Level Increased from 120 to 126, Then

question 178

Multiple Choice

If the price level increased from 120 to 126, then what was the inflation rate?

• A)3 percent
• B)5 percent
• C)6 percent
• D)None of the above is correct.

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Definitions:

Customary Norms

Rules of behavior that are based on long-standing practices or traditions within a society or group.

Informal Deviance

Behaviors that violate informal social norms or expectations, which are not codified into law.

Legal Code

A coherent set of laws that are systematically arranged, usually by the government or other regulatory authority.

Differential Association Theory

Theory that interprets deviance as behavior one learns through interaction with others.