An Economy's Consumer Price Index (CPI) Is Described by the Function

question 14

Multiple Choice

An economy's consumer price index (CPI) is described by the function , where corresponds to 1995. At what rate was the CPI changing in 2002?

• A) 12.3 pts/yr
• B) 12.6 pts/yr
• C) 12.5 pts/yr
• D) 12.4 pts/yr
• E) 12.7 pts/yr

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Definitions:

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Issues and problems related to the economy, including inflation, unemployment, and recession.

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