Question
5) If the CPI is 120, this means that A) prices are 0.12 times higher than in the reference base period. B) prices are 120
5) If the CPI is 120, this means that
A) prices are 0.12 times higher than in the reference base period.
B) prices are 120 percent higher than in the reference base period.
C) prices are 20 percent higher than in the reference base period.
D) the inflation rate must be positive.
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Economics Principles and Policy
Authors: William Baumol, Alan Blinder
13th edition
1305280595, 1305280598, 9781305465626 , 978-1305280595
