The Price Index Was 150 in the First Year,160 in the Second

question 28

Multiple Choice

The price index was 150 in the first year,160 in the second year,and 165 in the third year.Which of the following statements is correct?

• A)The price level was higher in the second year than in the first year,and it was higher in the third year than in the second year.
• B)The inflation rate was positive between the first and second years,and it was positive between the second and third years.
• C)The inflation rate was lower between the second and third years than it was between the first and second years.
• D)All of the above are correct.

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Definitions:

Modeling Desirable Behavior

Demonstrating behaviors that are positive or beneficial, encouraging others to emulate these actions.

Social Skills

The abilities necessary for effective interpersonal behavior and communication.

Etiquette

The customary code of polite behavior in society or among members of a particular profession or group.

Invisible

Anything that cannot be seen or perceived visually, often due to being intangible or hidden.