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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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    If the CPI Equaled 1
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If the CPI Equaled 1

Question 17

Question 17

Multiple Choice

If the CPI equaled 1.43 in 2008 and 1.56 in 2009, then between 2008 and 2009 there was:


A) inflation.
B) deflation.
C) a recession.
D) an expansion.

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