If the price levels for the last three months have been 112, 125 and 126, we would say
A)inflation was less rapid between the first and second month than between the second and third month.
B)inflation has been constant over the three months.
C)inflation was more rapid between the first and second month than between the second and third month.
D)inflation has steadily increased over the three months.

Question

Quizplus · Accepted Answer

The increase from 112 to 125 is larger than the increase from 125 to 126, indicating more rapid inflation between the first and second month.

If the Price Levels for the Last Three Months Have