If this yearʹs price level exceeds last yearʹs,
A. the inflation rate between these years has been positive.
B. the inflation rate is accelerating.
C. deflation is occurring.
D. no relative price changes are occurring.
Answer:A
If this yearʹs price level exceeds last yearʹs,
A. the inflation rate between these years has been positive. B. the inflation rate is accelerating. C. deflation is occurring. D. no relative price changes are occurring.