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Macroeconomics Study Set 48
Quiz 8: Unemployment and Inflation
The Inflation Rate for the Current Year Is the Price
Question 271
True False
The inflation rate for the current year is the price level in the current year minus the price level in the previous year.
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Related questions
Q 272
The inflation rate for the current year is the percentage change in the price level from the previous year.
Q 273
Since 1960, the price level in the United States has decreased in most years.
Q 274
Since 1960, the price level in the United States has increased in most years.
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