Professor I.M. Dismal returns to campus in the fall to find that the bookstore is charging 10% more for the new economics textbooks he ordered this year compared to last year
On the basis of this information, and using the economic way of thinking, what can Professor Dismal clearly conclude? A) The economy has experienced a 10% inflation over the year.
B) The economy has experienced a 10% deflation over the year.
C) The economy has experienced a disinflation over the year.
D) The economy has experienced a steady price level over the year.
E) The bookstore is charging 10% more for the new textbooks he ordered this year compared to last year.
E
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A Japanese flour mill buys wheat from the United States and pays for it with yen. Other things the same, Japanese
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