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QUESTION
An economist has predicted that for the next 5 years, the U. will have an 8% annual inflation rate, followed by 5 years at a 6% inflation rate.
An economist has predicted that for the next 5 years, the U. S. will have an 8% annual inflation rate, followed by 5 years at a 6% inflation rate. This is equivalent to what average price change per year for the entire 10-year period?
