How long would it take for the price level to double if inflation persisted at the following percentages? Instructions: Enter your answers as a whole number. a. 2 percent per year: b. 5 percent per year: c. 10 percent per year: years years years

How long would it take for the price level to double if inflation persisted at the following percentages? Instructions: Enter your answers as a whole number. a. 2 percent per year: b. 5 percent per year: c. 10 percent per year: years years years

Survey Of Economics

10th Edition

ISBN:9781337111522

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter13: Inflation

Section: Chapter Questions

Problem 7SQP

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How long would it take for the price level to double if inflation persisted at the following percentages?
Instructions: Enter your answers as a whole number.
a. 2 percent per year:
b. 5 percent per year:
c. 10 percent per year:
years
years
years

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