Question
Consider a nation in which the price index last year was 130 and this year it is 150. Which statement is correct? Group of answer
Consider a nation in which the price index last year was 130 and this year it is 150. Which statement is correct?
Group of answer choices
Inflation was 20% this year.
Deflation was 20% this year.
Housing prices must have risen.
Inflation was 38% this year.
Deflation was 38% this year.
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Microeconomics
Authors: David Besanko, Ronald Braeutigam
5th edition
1118572270, 978-1118799062, 1118799062, 978-1118572276
