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Sublight2097 Sublight2097
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8 years ago
Professor I.M. Dismal returns to campus in the fall to find that the bookstore is charging 10% more for the new economics textbooks he ordered this year compared to last year. On the basis of this information, and using the economic way of thinking, what can Professor Dismal clearly conclude?
A) The economy has experienced a 10% inflation over the year.
B) The economy has experienced a 10% deflation over the year.
C) The economy has experienced a disinflation over the year.
D) The economy has experienced a steady price level over the year.
E) The bookstore is charging 10% more for the new textbooks he ordered this year compared to last year.
Textbook 
The Economic Way of Thinking

The Economic Way of Thinking


Edition: 13th
Authors:
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SydnieSydnie
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#1
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8 years ago
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Sublight2097 Author
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#2
8 years ago
My mind was going in all different directions trying to figure this one out. Thanks so much.
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#3
3 years ago
thanx
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#4
3 years ago
thank you!
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