If the Consumer Price Index (CPI)was 100 in the Period

question 64

Multiple Choice

If the consumer price index (CPI) was 100 in the period of 1982-1984,then

• A) there would be deflation.
• B) this period was the base period.
• C) this period was characterized by menu costs.
• D) this period was economically optimal.
• E) this period was inflationary.

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