If relative prices change,then the inflation rate must change.

Name: If relative prices change,then the inflation rate must change.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Inflation rate refers to the overall increase in price levels across a broad spectrum of goods and services, not the change in relative prices between specific goods or services. Relative price changes can occur without affecting the overall inflation rate if they are offset by opposite changes in other prices.

If Relative Prices Change,then the Inflation Rate Must Change