(Table 8: Consumer Price Index Data for Macroland)
Table 8

question 67

Essay

(Table 8: Consumer Price Index Data for Macroland)
Table 8 provides CPI data for Macroland over a five-year period. When did Macroland experience deflation, and how can you tell?
$\begin{array}{l}\text { Table 8: Consumer Price Index Data for Macroland }\\\begin{array}{|l|c|c|c|c|c|}\hline & \text { Year 1 } & \text { Year 2 } & \text { Year 3 } & \text { Year 4 } & \text { Year 5 } \\\hline \begin{array}{l}\text { Consumer price } \\\text { index }\end{array} & 110 & 112 & 110 & 110 & 112 \\\hline\end{array}\end{array}$

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