If this year the price level is 135 and last year it was 125, the inflation rate is
A. 8 percent.
B. 10 percent.
C. 12 percent.
D. none of the above
Answer:A
If this year the price level is 135 and last year it was 125, the inflation rate is
A. 8 percent. B. 10 percent. C. 12 percent. D. none of the above