Suppose the price level this year is 150 and the price level last year was 125. The inflation rate between last year and this year was
A) 20 percent.
B) 2 percent.
C) 1.6 percent.
D) 16.6 percent.

Name: Suppose the price level this year is 150 and the price level last year was 125. The inflation rate between last year and this year was A) 20 percent. B) 2 percent. C) 1.6 percent. D) 16.6 percent.
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Question

Quizplus · Accepted Answer

The inflation rate is calculated as ((150 - 125) / 125) * 100 = 20 percent.

Suppose the Price Level This Year Is 150 and the Price