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Economics (AS & A Level) · May / June 2022 · Paper 12 · Question 22

9708Price stability

The diagram shows the annual inflation rate in an economy. What can be deduced from the graph?

  1. AThe price of goods and services fell between 2013 and 2014.
  2. BDisinflation took place between 2014 and 2015.
  3. CThe purchasing power of money increased between 2014 and 2015.
  4. DThe cost of living fell from 2016 onwards.

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Correct answer: C. The purchasing power of money increased between 2014 and 2015.

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