When the CPI increases from one year to the next:
A. the cost of living has increased.
B. inflation has occurred.
C. people need to spend more money to buy the same amount of goods as the previous year.
D. All of these statements are true.
Answer: D
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.