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Question
If the aggregate price level at time t is denoted by Pt, the inflation rate from time t - 1 to t is defined as
A) πt = (Pt - Pt - 1)/ Pt - 1.
B) πt = (Pt + 1 - Pt - 1) /Pt - 1.
C) πt = (Pt + 1 - Pt) /Pt.
D) πt = (Pt - Pt - 1) /Pt.
Answer
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Related questions
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Q:
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Q:
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Q:
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