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Suppose the CPI was 110 last year and is 126 this year. a. What is this year's inflation rate? b. In contrast, suppose that the

Suppose the CPI was 110 last year and is 126 this year. a. What is this year's inflation rate?

b. In contrast, suppose that the CPI was 110 last year and is 107 this year. What is this year's inflation rate?

c. What term do economists use to describe this second outcome?

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