
Macroeconomics 11th Edition by Stephen Slavin
Edition 11ISBN: 978-0077641559
Macroeconomics 11th Edition by Stephen Slavin
Edition 11ISBN: 978-0077641559 Exercise 60
Circle the letter that corresponds to the best answer. If the CPI rose from 100 to 500, the price level rose by _______.
A) 100 percent
B) 200 percent
C) 300 percent
D) 400 percent
E) 500 percent
A) 100 percent
B) 200 percent
C) 300 percent
D) 400 percent
E) 500 percent
Explanation
Suppose that CPI rose from 100 to 500.
T...
Macroeconomics 11th Edition by Stephen Slavin
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