Suppose the Value of the CPI Is 1

question 125

Multiple Choice

Suppose the value of the CPI is 1.100 in year one, 1.160 in year two, and 1.270 in year three.Assume also that the price of computers increases by 3% between year one and year two, and by another 3% between year two and year three.The price level is increasing, the inflation rate is _______, and the relative price of computers is _________.

• A)increasing; increasing
• B)constant; increasing
• C)constant; decreasing
• D)increasing; decreasing

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Definitions:

Creativity

The ability to produce original and unusual ideas, or to make something new or imaginative.

Firm Hiring

The process by which a business identifies, evaluates, and selects candidates for employment opportunities within the organization.

Job Position

A role or designation within an organization, defined by specific responsibilities, duties, and requirements.

Attention-getter

A device or technique used to capture the audience's focus at the beginning of a presentation or document.