Economics 2281 · O Level · Inflation and deflation

Inflation and deflation — practice question

During January 2016, a country's inflation rate fell from 3% to 2%. By March 2016, inflation had risen to 4%. What change occurred in the price level in January and in March?

  • AJanuary fell, March fell
  • BJanuary fell, March rose
  • CJanuary rose, March fell
  • DJanuary rose, March rose

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