Refer to Figure 15.2 for the following questions.
Figure 15.2
-In Figure 15.2,given the economy is at point A in year 1 and point B in year 2,what is the rate of increase in the price level (the inflation rate)between those two years?
A) 1.8 per cent
B) 2.7 per cent
C) 3.0 per cent
D) 0.9 per cent

Question

Refer to Figure 15.2 for the following questions.
Figure 15.2 
-In Figure 15.2,given the economy is at point A in year 1 and point B in year 2,what is the rate of increase in the price level (the inflation rate)between those two years?
A) 1.8 per cent 
B) 2.7 per cent 
C) 3.0 per cent 
D) 0.9 per cent

Quizplus · Accepted Answer

The Answer of Refer to Figure 15.2 for the following questions.
Figure 15.2 
-In Figure 15.2,given the economy is at point A in year 1 and point B in year 2,what is the rate of increase in the price level (the inflation rate)between those two years?
A) 1.8 per cent 
B) 2.7 per cent 
C) 3.0 per cent 
D) 0.9 per cent

Refer to Figure 15.2 for the Following Questions