Multiple Choice
If the CPI equaled 1.00 in 2005 and 1.65 in 2015 and a typical household's income equaled $35,000 in 1995 and $40,000 in 2005, then between 2005 and 2015, real household income:
A) increased.
B) decreased.
C) was constant.
D) may have either increased or decreased.
Correct Answer:
Verified
Correct Answer:
Verified
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