Answered: If the price level increased from 120…

If the price level increased from 120 to 142, then what was the inflation rate? 1.2 percent 0.8 percent 18.3 percent 22.0 percent

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

If the price level increased from 120 to 142, then what was the inflation rate?

1.2 percent

0.8 percent

18.3 percent

22.0 percent

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