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O-LevelEconomicsGovernment and the macroeconomy2281/12 · May/June 2019 · Q231 Mark

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?

AJanuary: fell, March: fell
BJanuary: fell, March: rose
CJanuary: rose, March: fell
DJanuary: rose, March: rose

✓ Correct answer

D: January: rose, March: rose

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About this question

Topic
Government and the macroeconomy, O-Level Economics (syllabus 2281). Multiple choice, 1 mark.
Source
O-Level Economics, May/June 2019 Paper 1 Variant 2, question 23.

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