The price level has doubled in 35 years.The approximate annual percentage rate of increase in the price level over this period has been:
A) 50 percent.
B) 20 percent.
C) 5 percent.
D) 2 percent.
Correct Answer:
Verified
Q100: Cost-push inflation
A)is caused by excessive total spending.
B)shifts
Q124: Cost-push inflation could be explained by:
A)an increase
Q126: A statement that is often used to
Q127: If the annual inflation rate is 5
Q128: Real income can be determined by:
A)dividing the
Q130: If the rate of inflation is 12
Q131: Demand-pull inflation:
A)can occur before the economy has
Q132: Core inflation refers to the:
A)underlying increases in
Q133: Inflation rates in Canada in recent years:
A)are
Q134: Between 1967 and 1977 the price level
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