Suppose That the CPI in 1990 Was 150, That the Inflation

question 203

Short Answer

Suppose that the CPI in 1990 was 150, that the inflation rate in 1991 was 6%, and that the inflation rate in 1992 was 4%. What was the CPI in 1991 and 1992?

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Definitions:

War Industries Board

An agency of the U.S. government created in World War I to manage the creation of materials for the war and distribute industrial goods.

Red Scare

A period of intense fear of communism and radical political ideologies in the United States, especially prominent after World War I and during the Cold War.

Postwar Strikes

Work stoppages and labor strikes that occur after the end of a war, often due to economic and social unrest.

Communist Agents

Individuals who secretly work on behalf of a communist government or organization to spread communism, gather intelligence, or influence the politics of other nations.