The Price Index Was 150 in the First Year,142

question 101

Multiple Choice

The price index was 150 in the first year,142.5 in the second year,and 138.2 in the third year.The economy experienced

• A)5.0 percent deflation between the first and second years,and 3.0 percent deflation between the second and third years.
• B)7.5 percent deflation between the first and second years,and 4.3 percent deflation between the second and third years.
• C)5.3 percent inflation between the first and second years,and 4.1 percent inflation between the second and third years.
• D)7.5 percent inflation between the first and second years,and 4.3 percent inflation between the second and third years.

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Definitions:

Unity and Cooperation

The act of coming together and working jointly towards common goals, highlighting the importance of collective effort and collaboration.

Repealing

The action of revoking or nullifying an existing law or regulation.

Stamp Act

A 1765 British Act imposing a tax on all paper documents in the American colonies, leading to widespread protests and contributing to the American Revolutionary War.

Legislative Acts

Laws or statutes that have been formally enacted by a legislative body, such as a parliament or congress.