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A persistent 5% annual rate of inflation will double the price level in ______ years.

A persistent 5% annual rate of inflation will double the price level in ______ years.
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A persistent 5% annual rate of inflation will double the price level in ______ years.

User Ascendants
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Final answer:

An annual inflation rate of 5% will double the price level in approximately 14 years.

Step-by-step explanation:

An annual inflation rate of 5% will double the price level in approximately 14 years.

User Robinwen
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