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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The state of having knowledge or information about a specific topic or field; being well-informed.

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