The percentage rate of change in the price level is called the
A) chain-weighted price index.
B) Consumer Price Index.
C) rate of inflation.
D) rate of absorption.

Name: The percentage rate of change in the price level is called the A) chain-weighted price index. B) Consumer Price Index. C) rate of inflation. D) rate of absorption.
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Quizplus · Accepted Answer

The percentage rate of change in the price level is commonly referred to as the rate of inflation. The other options are not accurate definitions of this concept.

The Percentage Rate of Change in the Price Level Is