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Economics · May / June 2019 · Paper 12 · Question 23

2281Inflation

In January 2016 the rate of inflation in a country changed from 3% to 2%. In March 2016 the rate of inflation was 4%. What happened to the price level in January and March?

  1. AJanuary: fell; March: fell
  2. BJanuary: fell; March: rose
  3. CJanuary: rose; March: fell
  4. DJanuary: rose; March: rose

As printed in the paper

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Correct answer: D. January: rose; March: rose

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