If the Size of the Economy Has Grown for the Last

Multiple Choice

If the size of the economy has grown for the last three quarters, but prices overall have dropped, which of the following is true?

A) The economy is in a contraction phase and CPI is increasing.
B) The economy is in an expansion phase and GDP is decreasing.
C) The economy is in an expansion phase and CPI is decreasing.
D) The economy is in a contraction phase and CPI is decreasing.