Assuming annual compounding, find the time it would take for the general level of prices in the
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Assuming annual compounding, find the time it would take for the general level of prices in the economy to double at the following annual inflation rates.
(a) 3%
(b) 6%
(c) 8%
(d) Check your answers using either the rule of 70 or the rule of 72, whichever applies.
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