Over the last 70 years, the average annual U.S. inflation rate was about
A) 2 percent, implying that prices have increased 10-fold.
B) 4 percent, implying that prices have increased 10-fold.
C) 2 percent, implying that prices have increased 16-fold.
D) 4 percent, implying that prices increased about 16-fold.
Correct Answer:
Verified
Q4: Inflation can be measured by the
A)change in
Q5: Which of the following statements about U.S.inflation
Q6: In the last part of the 1800's
A)deflation
Q13: Suppose an economy produces only ice cream
Q14: When we assume that the supply of
Q15: Which of the following is not correct?
A)The
Q16: With the value of money on the
Q17: If the price level increased from 120
Q485: In early 2008, the central bank of
Q503: Economists agree that
A)neither high inflation nor moderate
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