Over the last 80 years,the average annual U.S.inflation rate was about
A) 3.6 percent,implying that prices have increased 16-fold.
B) 4 percent,implying that prices have increased 17-fold.
C) 4 percent,implying that prices have increased 16-fold.
D) 3.6 percent,implying that prices increased about 17-fold.
Correct Answer:
Verified
Q9: Deflation
A)increases incomes and enhances the ability of
Q10: If the price level increased from 120
Q11: Over the past 80 years,prices in the
Q12: The term hyperinflation refers to
A)the spread of
Q13: If the price level increased from 120
Q15: Which of the following is not correct?
A)The
Q16: If the price level last year was
Q17: Which of the following statements concerning the
Q18: There was hyperinflation during the
A)period 1880-1896 in
Q19: If the price level increased from 200
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