Question
Over the course of one calendar year, the price of gasoline rises by 93 cents per gallon, the cost of clothing rises by 15 percent,
Over the course of one calendar year, the price of gasoline rises by 93 cents per gallon, the cost of clothing rises by 15 percent, and wages rise by 4 percent.
Which of the following can younotconclude about the economy's inflation rate? Explain your answer (You may select more than one.)
A. Inflation is rising.
B. Inflation is falling.
C. Inflation is constant.
D. There is deflation.
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Macroeconomics
Authors: David Colander
8th edition
978-0078004407, 78004403, 978-0077247171, 77247175, 978-0077307110
