Anita Job is the new Treasury Secretary, and she is trying to interpret the inflation measures for two consecutive years. In year one, the aggregate price level increased by 11% and, in year two, the aggregate

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Vinalti asked Apr 19, 2023

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Anita Job is the new Treasury Secretary, and she is trying to interpret the inflation measures for two consecutive years. In year one, the aggregate price level increased by 11% and, in year two, the aggregate price level increased by 3% .

Which term describes the change in the price level from year one to year two?

A. hyperinflation
B. deflation
C. disinflation
D. conflation

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Vinalti asked Apr 19, 2023

by Vinalti

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Answer:

disinflation

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Ying answered Apr 24, 2023

by Ying

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