Multiple Choice
If the CPI was 125 this year and 120 last year,then
A) the cost of the CPI basket of goods and services increased by 4.2 percent this year.
B) the price level increased by 4.2 percent this year.
C) the inflation rate for this year was 4.2 percent.
D) All of the above are correct.
Correct Answer:
Verified
Correct Answer:
Verified
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