In 1929, the CPI equaled 0.171 and in 1930, the CPI equaled 0.167. These data provide evidence of a period of:
A)inflation.
B)deflation.
C)trade deficit.
D)expansion.

Name: In 1929, the CPI equaled 0.171 and in 1930, the CPI equaled 0.167. These data provide evidence of a period of: A)inflation. B)deflation. C)trade deficit. D)expansion.
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Quizplus · Accepted Answer

Over the period 1929 to 1930 the price level fell, which is called "deflation."

In 1929, the CPI Equaled 0