Economics 2281 · O Level · Inflation and deflation

Inflation and deflation — practice question

The graph illustrates the rate of inflation in a country from 2000 to 2014. What conclusion can be drawn about average prices?

  • AThey fell throughout the period.
  • BThey peaked in 2000.
  • CThey rose each year.
  • DThey were lower in 2014 than they were in 2010.

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