Question
Asked Nov 3, 2019

Inflation can be measured by the

 

a.

change in the consumer price index.

 

b.

percentage change in the consumer price index.

 

c.

percentage change in the price of a specific commodity.

 

d.

change in the price of a specific commodity.

 

check_circleExpert Solution
Step 1

Inflation is the abnormal increase in the general price level in the economy. As a result of inflation, the rea...

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Business

Economics

Business cycles

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