Which of the following statements about prices and inflation is not correct? A. The inflation rate shows the percentage change in prices across periods of time. B. Prices generally increase at the same rate across most periods of time. C. The price level measures the average prices of goods and services across the economy. D. Inflation represents a general rise in prices over periods of time
Which of the following statements about prices and inflation is not correct? A. The inflation rate shows the percentage change in prices across periods of time. B. Prices generally increase at the same rate across most periods of time. C. The price level measures the average prices of goods and services across the economy. D. Inflation represents a general rise in prices over periods of time
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Which of the following statements about prices and inflation is not correct?
The inflation rate shows the percentage change in prices across periods of time.
Prices generally increase at the same rate across most periods of time.
The price level measures the average prices of goods and services across the economy.
Inflation represents a general rise in prices over periods of time
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