Using the information in the table shown, what can be said about the rate of inflation?
A) Deflation occurred before 2007, then inflation occurred.
B) Deflation occurred until 2009, then inflation occurred.
C) Inflation occurred every year from 2005 to 2009.
D) Inflation was the largest from 2005 to 2006.
Correct Answer:
Verified
Q36: As new goods and services become available
Q37: One problem with keeping the CPI basket
Q38: Q39: The CPI is based on an: Q40: The substitution of one good for another Q42: The price index that measures the prices![]()
A) average
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