If all prices,including the price of clothing,increased by 5%,then the relative price of clothing ________ and there ________ inflation.

Name: If all prices,including the price of clothing,increased by 5%,then the relative price of clothing ________ and there ________ inflation.
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Question

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The relative price of clothing remains constant because all prices, including clothing, increased by the same percentage. There is inflation because the overall price level has increased.

If All Prices,including the Price of Clothing,increased by 5%,then the Relative