If the Average Price Level Increases by 2 Percent This

question 130

True/False

If the average price level increases by 2 percent this year,price stability has been achieved.
Price stability as defined by the Full Employment and Balanced Growth Act of 1978 is an inflation of 3 percent or less per year.

---

Definitions:

Paccar

A global technology company known for designing, manufacturing, and providing customer support for high-quality light, medium, and heavy-duty trucks.

Truck Brand

A specific make or marque of trucks, distinguished by a unique name, symbol, or feature, associated with specific manufacturers.

Wide-Base Singles

Single, wide tires that are used in place of traditional dual tire configurations on commercial vehicles, offering benefits such as reduced weight and improved fuel efficiency.

Duals

A term often used in automotive contexts to refer to dual sets of tires, exhaust pipes, or other paired components for improved performance or capacity.