If the Price Level Last Year Was 180 and This

question 15

Multiple Choice

If the price level last year was 180 and this year it is 176,then

• A)there was inflation of 2.3 percent.
• B)there was inflation of 4.0 percent.
• C)there was deflation of 2.2 percent.
• D)there was deflation of 4.0 percent.

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