Answered: Question 21 Inflation is an increase in…

Question 21 Inflation is an increase in the ___ average hourly wage rate. rate of growth of GDP. overall level of economic activity. general price level in the economy.

Macroeconomics

13th Edition

ISBN:9781337617390

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter14: Money And The Economy

Section: Chapter Questions

Problem 6WNG

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Question 21

Inflation is an increase in the ___

		average hourly wage rate.
		rate of growth of GDP.
		overall level of economic activity.
		general price level in the economy.

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