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    Principles of Economics Study Set 1
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    Exam 18: Measuring the Price Level and Inflation
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    In 1929, the CPI Equaled 0
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In 1929, the CPI Equaled 0

Question 123

Question 123

Multiple Choice

In 1929, the CPI equaled 0.171 and in 1930, the CPI equaled 0.167. These data provide evidence of a period of:


A) inflation.
B) deflation.
C) trade deficit.
D) expansion.

Correct Answer:

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