Suppose the price level is 110.00 at the end of 2020, 121.00 at the end of 2021, and 128.26 at the end of 2022 . Can we accurately describe the period 2021-2022 as a period of disinflation?
Yes. The rate of inflation for 2021 was 10 percent and the rate of inflation for 2022 was 6 percent. The reduction in the inflation rate over the period allows us to characterize the period as one of disinflation.
Economics
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According to the text, what share of the world's countries now use floating exchange rate systems?
A) 100% B) 70% C) 30% D) 15%
Economics
Which of the following is a correct reason for stating that the United States has a fiduciary monetary system? I. Our money is convertible to a fixed amount of silver or gold. II. Our money has a predictable value
A) I only B) II only C) Both I and II D) Neither I nor II
Economics