When the inflation rate falls from 8% to 2% in an economy, its general price level is rising.

Survey Of Economics
10th Edition
ISBN:9781337111522
Author:Tucker, Irvin B.
Publisher:Tucker, Irvin B.
Chapter13: Inflation
Section: Chapter Questions
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v) When the inflation rate falls from 8% to 2% in an economy, its general price
level is rising.
Transcribed Image Text:v) When the inflation rate falls from 8% to 2% in an economy, its general price level is rising.
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