Solved

If the Consumer Price Index Falls from 120 to 116

Question 201

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.

Related Questions

Q100: For a given amount of nominal income,

Q156: The government agency responsible for collecting and

Q196: The relationship between the size of the

Q197: If the nominal interest rate is 5

Q199: After the Great Recession of 2007-09 ended,

Q202: Unanticipated inflation benefits debtors at the expense

Q203: Proponents of zero inflation argue that even

Q236: The business cycle is so named because

Q240: If the actual rate of unemployment is

Q260: If Fred's annual real income rises by