During the seminar,

问题单项选择题

During the seminar, "Inflation - Friend or Foe" Joe Lebow, an analyst with Greenwald & Associates, was discussing the difference between inflation and price level. He made the following two statements: Statement 1: To measure the inflation rate of a currency, one should calculate the annual percentage change in the price level. The calculation of this change shows the connection between the inflation rate and the price level. Statement 2: The higher the price level in the current year compared to the price level in the previous year, the higher is the inflation rate of a country. Any increase in the price level is evidence of (positive) inflation. Are the statements as made by Lebow regarding inflation and price levels correctStatement 1 Statement 2（）①A. Incorrect Incorrect ②B. CorrectCorrect ③C. CorrectIncorrect

A. ①

B. ②

C. ③

答案

参考答案：C

解析：

Statement 1 is correct. However, Statement 2 is incorrect because a one-time increase in the price level is not necessarily inflation. Inflation is an on-going process; not a one-time increase in the price level.