Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

If the rate of inflation was 4.6 % in 1999 and 4.0 % in 2000, then we can say there was: A. disinflation B. deflation.

If the rate of inflation was 4.6 % in 1999 and 4.0 % in 2000, then we can say there was:

A. disinflation

B. deflation.

C. hyperinflation.

D. almost no price change

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Basic Economics

Authors: Frank V. Mastrianna

16th edition

1111826641, 978-0357706664, 978-1111826642

More Books

Students also viewed these Economics questions