When the CPI increases from one year to the next:
A. inflation has occurred.
B. deflation has occurred.
C. there has not been a change in the overall price level.
D. the impact to the general standard of living is hard to measure.
Answer: A
When the CPI increases from one year to the next:
A. inflation has occurred.
B. deflation has occurred.
C. there has not been a change in the overall price level.
D. the impact to the general standard of living is hard to measure.
If the answers is incorrect or not given, you can answer the above question in the comment box. If the answers is incorrect or not given, you can answer the above question in the comment box.