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Which statement about the price level is correct? A It fell over the first half of the period. B It was at its highest at the start of the period. C It was at its lowest at the end of the period. D It was at its lowest at the start of the period.

Which statement about the price level is correct? A It fell over the first half of the period. B It was at its highest at the start of the period. C It was at its lowest at the end of the period. D It was at its lowest at the start of the period.

Economics: Private and Public Choice (MindTap Course List)
Economics: Private and Public Choice (MindTap Course List)
16th Edition
ISBN:9781305506725
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Chapter7: Taking The Nation's Economic Pulse
Section: Chapter Questions
Problem 10CQ
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The table shows the year-on-year percentage changes for a country's consumer price index from 2009 to 2015. A Which statement about the price level is correct? It fell over the first half of the period. B It was at its highest at the start of the period. It was at its lowest at the end of the period. It was at its lowest at the start of the period. C year 2009 2010 2011 2012 2013 2014 2015 D % change 18.0 11.7 8.6 4.6 4.9 6.1 4.5
Transcribed Image Text:The table shows the year-on-year percentage changes for a country's consumer price index from 2009 to 2015. A Which statement about the price level is correct? It fell over the first half of the period. B It was at its highest at the start of the period. It was at its lowest at the end of the period. It was at its lowest at the start of the period. C year 2009 2010 2011 2012 2013 2014 2015 D % change 18.0 11.7 8.6 4.6 4.9 6.1 4.5
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