Business, 28.06.2019 18:10 Mayrah7486

Assume an economy experienced a positive rate of inflation between 2003 and 2004 and again between 2004 and 2005. however, the inflation rate was lower between 2004 and 2005 than it was between 2003 and 2004. which of the following scenarios is consistent with this assumption?
a. the cpi was 100 in 2003, 120 in 2004, and 135 in 2005.
b. the cpi was 100 in 2003, 90 in 2004, and 88 in 2005.
c. the cpi was 100 in 2003, 105 in 2004, and 130 in 2005.
d. the cpi was 100 in 2003, 110 in 2004, and 105 in 2005.

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Assume an economy experienced a positive rate of inflation between 2003 and 2004 and again between 2...

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