Suppose That in 2006, the CPI Was 285, (1982 =

Multiple Choice

Suppose that in 2006, the CPI was 285, (1982 = 100) . This index shows that the real value of a dollar in 2006:

A) has remained essentially unchanged since 1982.
B) is much less than it was in 1982.
C) is 2.85 times as large as it was in 1982.
D) has increased since prices have decreased.