Suppose the CPI was 140 last year and is 168 this year.Instructions: Round your answers to 1 decimal place. If you are entering any negative numbers be sure to include a negative sign (-) infront of those numbers.a. What is this year's inflation rate?percentb. In contrast, suppose that the CPI was 140 last year and is 134 this year. What is this year's inflation rate?percentc. What term do economists use to describe this second outcome?(Click to select) ♥

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a. What is this year's inflation rate? percent b. In contrast, suppose that the CPI was 140 last year and is 134 this year. What is this year's inflation rate? percent c. What term do economists use to describe this second outcome? (Click to select) ♥

a. What is this year's inflation rate? percent b. In contrast, suppose that the CPI was 140 last year and is 134 this year. What is this year's inflation rate? percent c. What term do economists use to describe this second outcome? (Click to select) ♥

Brief Principles of Macroeconomics (MindTap Course List)

8th Edition

ISBN:9781337091985

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter12: Money Growth And Intlation

Section: Chapter Questions

Problem 6PA

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Question

Suppose the CPI was 140 last year and is 168 this year.
Instructions: Round your answers to 1 decimal place. If you are entering any negative numbers be sure to include a negative sign (-) in
front of those numbers.
a. What is this year's inflation rate?
percent
b. In contrast, suppose that the CPI was 140 last year and is 134 this year. What is this year's inflation rate?
percent
c. What term do economists use to describe this second outcome?
(Click to select) ♥

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