Suppose the value of the CPI is 1.100 in year one, 1.210 in year two, and 1.331 in year three.Assume also that the price of computers increases by 3% between year one and year two, and by another 3% between year two and year three.The price level is increasing, the inflation rate is _______, and the relative price of computers is _________.
A)increasing; increasing
B)constant; increasing
C)constant; decreasing
D)increasing; decreasing

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The Answer of Suppose the value of the CPI is 1.100 in year one, 1.210 in year two, and 1.331 in year three.Assume also that the price of computers increases by 3% between year one and year two, and by another 3% between year two and year three.The price level is increasing, the inflation rate is _______, and the relative price of computers is _________.
A)increasing; increasing
B)constant; increasing
C)constant; decreasing
D)increasing; decreasing

Suppose the Value of the CPI Is 1