Which of the following statements explains inflation rate? O a. Inflation rate is useful for knowing the labor force Ob. Inflation rate is calculated from consumer price index Oc Inflation rate is expressed per 1000 units O d. Inflation rate is used in determining depreciation

Which of the following statements explains inflation rate? O a. Inflation rate is useful for knowing the labor force Ob. Inflation rate is calculated from consumer price index Oc Inflation rate is expressed per 1000 units O d. Inflation rate is used in determining depreciation

ECON MACRO

5th Edition

ISBN:9781337000529

Author:William A. McEachern

Publisher:William A. McEachern

Chapter7: Unemployment And Inflation

Section: Chapter Questions

Problem 4.10P

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Question

Which of the following statements explains inflation rate?
O a. Inflation rate is useful for knowing the labor force
O b. Inflation rate is calculated from consumer price index
O. Inflation rate is expressed per 1000 units
O d. Inflation rate is used in determining depreciation

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