If the Consumer Price Index Falls from 120 to 116

question 2

Multiple Choice

If the consumer price index falls from 120 to 116 in a particular year,the economy has experienced:

• A)inflation of 4 percent
• B)inflation of 3.33 percent
• C)deflation of 3.33 percent
• D)deflation of 4 percent
• E)low unemployment

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Definitions:

Mississippi River

One of the largest rivers in the United States, flowing south from Minnesota to the Gulf of Mexico, and playing a significant role in the country’s commerce and ecology.

Vicksburg

A significant civil war battle that took place in 1863 in Vicksburg, Mississippi, marking a turning point in the war with the Union's victory.

Stonewall Jackson

A Confederate general during the American Civil War, renowned for his tactical prowess and stand at the Battle of Bull Run.

Lincoln's Reelection

Refers to the 1864 presidential election in the United States, where Abraham Lincoln won a second term in office as President during the Civil War.