Macroeconomics Study Set 48
Quiz 8: Unemployment and Inflation
The Inflation Rate for the Current Year Is the Price
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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The inflation rate for the current year is the percentage change in the price level from the previous year.
Since 1960, the price level in the United States has decreased in most years.
Since 1960, the price level in the United States has increased in most years.
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