If the CPI equaled 1.43 in 2005 and 1.56 in 2006, then between 2005 and 2006 there was:
A) inflation.
B) deflation
C) a recession
D) an expansion

Name: If the CPI equaled 1.43 in 2005 and 1.56 in 2006, then between 2005 and 2006 there was: A) inflation. B) deflation C) a recession D) an expansion
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Question

Quizplus · Accepted Answer

The CPI increased from 1.43 to 1.56, indicating a general increase in prices for goods and services. This means that there was inflation between 2005 and 2006.

If the CPI Equaled 1