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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 asA. 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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