3. Which of these sound like inflation, which sound like deflation, and which are ambiguous? a. Gasoline
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3. Which of these sound like inflation, which sound like deflation, and which are ambiguous?
a. Gasoline prices are up 10%, food prices are down 20%, and the prices of most services are up 1%–2%.
b. Gas prices have doubled, food prices are up 50%, and prices of most services seem to be up 5% or 10%.
c. Gas prices haven’t changed, food prices are way down, and services have gotten cheaper, too.
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