If ten years ago the prices of the items bought last month by the average consumer would have been much lower, then one can likely conclude that ________.
A) the aggregate price level has declined during this ten-year period
B) the average inflation rate for this ten-year period has been positive
C) the average rate of money growth for this ten-year period has been positive
D) the aggregate price level has risen during this ten-year period
Correct Answer:
Verified
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