In China, suppose that the price level was 100 in 2014, 110 in 2015, and 120 in 2016. Over these three years
A) the inflation rate accelerated.
B) inflation did not occur.
C) prices were stable.
D) the inflation rate was positive.
D
Economics
You might also like to view...
Refer to the scenario above. What is the national income of the economy?
A) $7,000 B) $10,000 C) $2,000 D) $5,000
Economics
What complex set of free-trade area regulations prohibits non member country imports to a high-tariff member country via a low-tariff member country?
a. environmental certification b. rules of origin c. health and safety standards d. a codified trade agreement
Economics