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Question 30 (Mandatory) (1 point) Saved If the rate of inflation is 12 percent per year, the price level will double in about

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Answer #1

Ans 30 (B)

We will use the 70 years formula

= 70 / growth in percentage

= 70/ 12

= 5.8 years.

Ans 31 (c)

Inflation rate in US is significantly higher than UK but lower than Japan

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