Suppose the Value of the CPI Is 1

question 142

Multiple Choice

Suppose the value of the CPI is 1.100 in year one, 1.122 in year two, and 1.133 in year three. Assume also that the price of computers increases by 3 percent between year one and year two, and by another 3 percent between year two and year three. The price level is increasing, the inflation rate is ________, and the relative price of computers is ________.

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

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Definitions:

Brain Abnormalities

Structural or functional deviations in the brain that can lead to various neurological or psychological conditions.

Primary Causes

The main or direct factors leading to an event or condition.

Intellectual Disability

A condition characterized by significant limitations in both intellectual functioning and in adaptive behavior, which covers many everyday social and practical skills.

Adaptive Functioning

A person's ability to manage their everyday tasks and live independently, often used as an indicator of their intellectual and developmental capabilities.