If the price index in the first year was 90, in the second year was 100, and in the third year was 98, what were the inflation rates over those years? The a) economy experienced 10 percent inflation between the first and second years and 2 percent deflation between the second and third years. b) c) d) The economy experienced 11 percent inflation between the first and second years and 2 percent deflation between the second and third years. The economy experienced 10 percent inflation between the first and second years and 2 percent inflation between the second and third years. The economy experienced 11 percent inflation between the first and second years and 2 percent inflation between the second and third years.