Statements about prices and inflation

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Which of the following statements about prices and inflation is not? correct?

A. The price level measures the average prices of goods and services across the economy.

B. The inflation rate shows the percentage change in prices across periods of time.

C. Prices generally increase at the same rate across most periods of time.

D. Inflation represents a general rise in prices over periods of time.

Reference no: EM131172329

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