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    Business
  3. Study Set
    Macroeconomics Study Set 68
  4. Exam
    Exam 9: Business Cycles, Unemployment, and Inflation
  5. Question
    The Consumer Price Index Was 177
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The Consumer Price Index Was 177

Question 237

Question 237

Multiple Choice

The consumer price index was 177.1 last year and 179.9 this year. Therefore, the current rate of inflation is about


A) 2.8 percent.
B) 3.4 percent.
C) 1.6 percent.
D) 4.1 percent.

Correct Answer:

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