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If the price level rose in three consecutive years from 100 to 120 to 140, then the inflation rate over those years would?

Sagot :

If the price level rose in three consecutive years from 100 to 120 to 140, then the inflation rate over those years would Decrease.

Annual inflation rate is

x=[(120-100)/100] × 100

x= 20%

In the year 3, price level was 140, hence, the inflation rate

y= [(140-120)/120] × 100

y= 16.67%.

Since, we see a continuous fall in percentage  the annual inflation rate over those years would decrease.

To learn more about inflation from the given link

https://brainly.com/question/26639522

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