Economics 9708 · AS & A Level · Price stability and inflation

Price stability and inflation — practice question

The graphs illustrate consumer prices and unemployment in Ireland from 2002 to 2007. What conclusion can be drawn from the graphs?

  • ABetween 2003 and 2004, unemployment and prices moved in the same direction.
  • BPrices were at their lowest in 2004.
  • CPrices rose continuously over the period.
  • DThe number of unemployed workers fell over the period.

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