Suppose That the Consumer Price Index (CPI) Was 160 in Year

question 23

Multiple Choice

Suppose that the consumer price index (CPI) was 160 in Year X and 166 in Year Y, inflation during Year Y was approximately:

• A) zero; prices were stable.
• B) 3.8 percent.
• C) 6 percent.
• D) 66 percent.

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