Question:

11. If the consumer price index has a value of 120 today and the base year is 2000, then consumer prices have

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12. An Inflation Fallacy is

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If the consumer price index has a value of 120 today and the base year is 2000, then consumer prices have O increased by 2 per cent since 2000. O declined 20 per cent since 2000. increased by 20 per cent since 2000. O more than doubled since 2000.An Inflation Fallacy is O When prices are falling and the economy is growing. O Prices always deflate in a recession. O People think that prices are rising much higher than they actually are. That inflation directly lowers living standards