Business, 30.10.2019 00:31 yanicas

At a party this weekend, you and your friends are discussing the consumer price index. a friend who has not taken economics says,

"you are telling me that the cpi in 2017 was 248. that isn't possible. there is no way the inflation rate was 148 percent in 2017! "

the most appropriate response to this comment is:
i disagree. the inflation rate is the percentage increase in the cpi from year-to-year, not the base year. ( true or false )

Answers: 3

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At a party this weekend, you and your friends are discussing the consumer price index. a friend who...

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