Question
Inflation means... (4 marks) a) specific prices are rising, and relative prices are falling. b) both relative prices and average prices are raising. c) relative
Inflation means... (4 marks)
a) specific prices are rising, and relative prices are falling.
b) both relative prices and average prices are raising.
c) relative prices are rising, but it is not certain what is happening to average prices.
d) average prices are rising, but it is not certain what is happening to relative prices.
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Using Econometrics A Practical Guide
Authors: A. H. Studenmund
7th edition
013418274X, 978-0134182742
