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Suppose That the Price Level Was 100 in 2008, 110

Question 312

Multiple Choice

Suppose that the price level was 100 in 2008, 110 in 2009, and 130 in 2010. Over these three years,


A) deflation occurred at an accelerating rate.
B) prices were stable.
C) the inflation rate was positive and accelerating.
D) the inflation rate was positive but slowing.

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