Inflation is a measure of the ______ of prices; the CPI is a measure of the ______ of prices.
A) current level; change in the level
B) change in the level; current level
C) index; base year's level
D) base year's level; index

Question

Quizplus · Accepted Answer

Inflation is a measure of the change in the level of prices over time, while the CPI (Consumer Price Index) is a measure of the current level of prices relative to a base year.

Inflation Is a Measure of the ______ of Prices; the CPI