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Business, 17.04.2020 04:31 crodriguez87

Suppose the CPI was 140 last year and is 168 this year. a. What is this year’s rate of inflation? Instructions: Enter your response as a percentage rounded to one decimal place. Use a minus sign if necessary. b. In contrast, suppose that the CPI was 140 last year and is 134 this year. What is this year’s rate of inflation? c. What term do economists use to describe this second outcome?

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Suppose the CPI was 140 last year and is 168 this year. a. What is this year’s rate of inflation? In...
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