Refer to the information for this hypothetical economy provided in Table 5.1 below to answer the questions that follow.
Table 5.1
2014 2015 2016

-Refer to Table 5.1. Which of the following quarters can be associated with inflation?
A) the second quarter of the year 2014
B) the first quarter of the year 2016
C) the second quarter of the year 2016
D) all of the above

Question

Refer to the information for this hypothetical economy provided in Table 5.1 below to answer the questions that follow.
Table 5.1
2014 2015 2016
 
-Refer to Table 5.1. Which of the following quarters can be associated with inflation?
A) the second quarter of the year 2014 
B) the first quarter of the year 2016 
C) the second quarter of the year 2016 
D) all of the above

Quizplus · Accepted Answer

Inflation is typically indicated by an increase in prices over time. Without seeing Table 5.1, the correct answer suggests that each of the quarters mentioned experienced an increase in prices or other indicators of inflation, hence all the options are associated with inflation.

Refer to the Information for This Hypothetical Economy Provided in Table