Social Studies, 05.03.2020 08:30, oopfloop2

What does it mean if the CPI rises from 100 to 105 the next year? a. The economy has experienced 5% inflation; average prices are 5% higher. b. The economy has experienced 5% deflation; average prices are 5% lower. c. The economy has experienced 5% inflation; 5% more goods and services are available. d. The economy has experienced 5% deflation; 5% fewer goods and services are available. Submit

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What does it mean if the CPI rises from 100 to 105 the next year? a. The economy has experienced 5%...