If the Price Index Is 100 This Year, Then _____

Multiple Choice

If the price index is 100 this year, then _____

A) there has been no inflation during the year.
B) the price level is thrice as much as it was in the base year.
C) the price level is one hundred times what it was in the base year.
D) the price level is double what it was in the base year.
E) the inflation rate has been 100 percent since the base year.