If the inflation rate was 1% in 2014, 3% in 2015, and 2% in 2016, this economy experienced from 2014 to 2015, and from 2015 to 2016. a) inflation; inflation b) disinflation; deflation c) inflation; deflation d) inflation; disinflation

If the inflation rate was 1% in 2014, 3% in 2015, and 2% in 2016, this economy experienced from 2014 to 2015, and from 2015 to 2016. a) inflation; inflation b) disinflation; deflation c) inflation; deflation d) inflation; disinflation

Economics:

10th Edition

ISBN:9781285859460

Author:BOYES, William

Publisher:BOYES, William

Chapter7: Unemployment And Inflation

Section: Chapter Questions

Problem 7E

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Question

If the inflation rate was 1% in 2014, 3% in 2015,
and 2% in 2016, this economy experienced
from 2014 to 2015, and
from 2015 to 2016.
a) inflation; inflation
b) disinflation; deflation
c) inflation; deflation
d) inflation; disinflation

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