If the inflation rate is positive, the price level in an economy is
A)falling slowly.
B)rising.
C)falling rapidly.
D)constant.
E)zero.

Name: If the inflation rate is positive, the price level in an economy is A)falling slowly. B)rising. C)falling rapidly. D)constant. E)zero.
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Question

Quizplus · Accepted Answer

A positive inflation rate indicates that the overall price level in the economy is increasing over time. Therefore, prices are rising.

If the Inflation Rate Is Positive, the Price Level in an Economy