If we knew that the price of goods rose,on average,by 5 percent last year and by 4 percent this year,we would know
A) nothing about the rate of inflation
B) that the inflation rate is rising
C) that the inflation rate is falling
D) that we are in a stagflation
E) that we are in a recession

Question

Quizplus · Accepted Answer

The inflation rate is falling because the rate at which prices are increasing has decreased from 5 percent last year to 4 percent this year.

If We Knew That the Price of Goods Rose,on Average,by