If the CPI Was 125 This Year and 120 Last

question 102

Multiple Choice

If the CPI was 125 this year and 120 last year,then

• A)the cost of the CPI basket of goods and services increased by 4.2 percent this year.
• B)the price level increased by 4.2 percent this year.
• C)the inflation rate for this year was 4.2 percent.
• D)All of the above are correct.

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Definitions:

Malcolm X

An African American Muslim minister and human rights activist in the 1950s and 60s, known for his advocacy for the rights of blacks and his criticism of the civil rights movement for its emphasis on nonviolence.

Martin Luther King, Jr.

An influential American civil rights leader known for his advocacy for nonviolent resistance and his role in advancing civil rights and racial equality in the United States.

Homophily

The tendency of individuals to associate and bond with similar others, often leading to social and economic networks characterized by high degrees of similarity in beliefs, values, and social status.

Multiracial

Describing individuals or groups composed of or identifying with more than one racial background.