Lily Waltin
New member
In this 1986 headline: "Inflation Rate at 1.1%; Lowest Rate in 2 Decades."
a. What is meant by inflation ?
b. How did the statisticians arrive at 1.1 percent? What measure did they probably use?
c. What does this headline imply about inflation during the 20 years before 1986?
a. What is meant by inflation ?
b. How did the statisticians arrive at 1.1 percent? What measure did they probably use?
c. What does this headline imply about inflation during the 20 years before 1986?