The BLS reported that the CPI in July 2010 was 226. This news tells you that _______.

Question:

A. consumer prices during July were 226 percent higher than they were during the base year

B. the CPI inflation rate in July was 26 percent a year

C. consumer prices rose by 26 percent during the month of July

D. the prices of consumption goods and services have risen, on average, by 126 percent since the base year

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Foundations of Macroeconomics

ISBN: 978-0134492001

8th edition

Authors: Robin Bade, Michael Parkin

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Question Posted: May 21, 2018 05:54 AM

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The BLS reported that the CPI in July 2010 was 226. This news tells you that _______.

Question:

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D In the reference base pe...View the full answer

Foundations of Macroeconomics

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