In the text inflation is given by the equation ________, where $P _ { t }$ is the current price level and $P _ { t + 1 }$ is the future price level. A) $\pi _ { t } = P _ { t + 1 } - P _ { t }$ B) $\pi _ { t } = P _ { t + 1 } / P _ { t }$ C) $\pi _ { t } = \left( P _ { t } - P _ { t + 1 } \right) / P _ { t }$ D) $\pi _ { t } = \left( P _ { t + 1 } - P _ { t } \right) / P _ { t }$ E) $\pi _ { t } = \left( P _ { t + 1 } / P _ { t } \right) + 1$

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Quizplus · Accepted Answer

Inflation is typically calculated as the percentage change in the price level, which is given by $\pi _ { t } = \left( P _ { t + 1 } - P _ { t } \right) / P _ { t }$.

In the Text Inflation Is Given by the Equation ________ PtP _ { t }Pt​

In the Text Inflation Is Given by the Equation ________ $P _ { t }$