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Macroeconomics 11th Edition by Stephen Slavin
Edition 11ISBN: 978-0077641559Macroeconomics 11th Edition by Stephen Slavin
Edition 11ISBN: 978-0077641559 Exercise 87
Circle the letter that corresponds to the best answer. In 2025 the CPI rose 10 percent; in 2026 it rose 6 percent; and in 2027 it rose 2 percent. We could describe 2027 as a year of ________.
A) inflation
B) disinflation
C) deflation
A) inflation
B) disinflation
C) deflation
Explanation
Verified
Verified
Inflation- it is defined as the rise in ...
Macroeconomics 11th Edition by Stephen Slavin
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