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

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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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%…

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