Assume that between 2005 and 2015 the price level doubled. What is the approximate average annual rate of inflation over this ten-year period? a. 7% b. 10% c. 5% d. 2% e. 1%

International Financial Management
14th Edition
ISBN:9780357130698
Author:Madura
Publisher:Madura
Chapter8: Relationships Among Inflation, Interest Rates, And Exchange Rates
Section: Chapter Questions
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Assume that between 2005 and 2015 the price level doubled. What is the approximate average annual rate of inflation over this ten-year period? a. 7% b. 10% c. 5% d. 2% e. 1%

 

 

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