If the inflation rate between year 1 and year 2 is 6% and the inflation rate between year 2 and year 3 is 8%, what is the exact total inflation rate between year 1 and year 3? Write the answer in percent terms with up to two decimals (e.g., 10.22 for 10.22%, or 2.33 for 2.33%).

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the inflation rate between year 1 and year 2 6 Suppose CPI in ... View the full answer