If the price index is 100 in the base year, and 95 in the next year, what happened to prices?
A) Prices increased by 5%.
B) Prices decreased by 5%.
C) Prices increased by 95%.
D) Prices decreased by 95%.
E) Prices did not change.
Correct Answer:
Verified
Q129: Table 6.2 Q130: If the price index is 90 in Q131: If 2016 is the base year and Q132: If 2016 is the base year and Q133: According to the CPI, what is the Q135: What base period does the federal government Q136: Table 6.3 Q137: Suppose a loaf of bread sold for Q138: If the price index is 100 in Q139: Table 6.3 Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents
