Multiple Choice
If the CPI this year is 162 and last year it was 170,what do we know about the inflation rate this year?
A) It is positive.
B) It is negative.
C) It has decreased since last year.
D) It has increased since last year.
E) It is the same as last year.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q44: Imports are a leakage from the circular
Q45: Marianne and Laura are both homemakers with
Q46: GDP reflects many things; however,it does not
Q47: Which of the following would not be
Q48: Suppose that the economy is in equilibrium
Q50: Which of the following is not true
Q51: Louis always knits ten sweaters a year
Q52: If the CPI is 200 one year
Q53: Net taxes are indirect business taxes minus
Q54: If a firm hires labor for $8,000,pays