Question
f this year the CPI is 125 and last year it was 120, what do we know? a. Some goods have become cheaper. b. Most
f this year the CPI is 125 and last year it was 120, what do we know?
| a. | Some goods have become cheaper. | |
| b. | Most goods have become more expensive. | |
| c. | The inflation rate has increased. | |
| d. | The price level has increased. |
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Microeconomics Principles, Problems and Policies
Authors: Campbell R. McConnell, Stanley L. Brue, Sean Masaki Flynn
20th edition
978-0077660819, 77660811, 978-1259450242
