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4 In a particular economy, the price index was 135 in 2017 and 140 in 2018. Which of the following statements is correct? a. The

4 In a particular economy, the price index was 135 in 2017 and 140 in 2018. Which of the following statements is correct? a. The economy experienced an inflation between 2017 and 2018. b. The inflation rate between 2017 and 2018 was higher than between 2016 and 2017. c. The inflation rate between 2017 and 2018 was 5 percent. d. The economy experienced deflation between 2017 and 2018

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