If the price level last year was 220 and this year is 250, what is the inflation rate between the two years?
A) 30 percent
B) 13.6 percent
C) 12.2 percent
D) 20 percent
B
Economics
You might also like to view...
If an undervalued currency is allowed to float:
A) its value will depreciate. B) its quantity supplied in exchange for the other currency will decrease. C) its quantity demanded in exchange for the other currency will increase. D) its value will appreciate.
Economics
Which of the following was a free market philosopher?
a) Karl Marx b) Adam Smith c) Vladimir Lenin d) Friedrich Engels
Economics