At the beginning of 2000, the CPI was 159.3. At the beginning of 2001, it was 177.6. What was the approximate rate of inflation in 2000?
A. 18.3 percent.
B. 11.5 percent.
C. 10.0 percent.
D. 7.6 percent.
Answer: B
Economics
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The central government of Vervia believes that the economy is headed toward an economic slowdown, with all the major parameters of economic growth showing signs of slowing down. In such a satiation, the central bank of the economy is likely to: a. start buying government bonds. b. increase the discount rate
c. start selling government bonds. d. increase the reserve requirement.
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