Multiple Choice
If the Consumer Price Index was 102.2 in 2007 and 104.9 in 2008,we can conclude that
A) the prices of all consumer goods were higher in 2008 than in 2007
B) the prices of all consumer goods were lower in 2008 than in 2007
C) the price level fell from 2007 to 2008
D) the price level rose from 2007 to 2008
E) the base year was 2001
Correct Answer:
Verified
Correct Answer:
Verified
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