If the Consumer Price Index was 125 in one year and 120 in the following year, then the rate of inflation is approximately:

A.  4.0 percent
B.  4.2 percent
C.  -4.0 percent
D.  -4.2 percent


C.  -4.0 percent

Economics

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A) an increase; an increase B) an increase; a decrease C) a decrease; an increase D) a decrease; a decrease

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Who bears the burden of an excise tax if demand is perfectly inelastic; if supply is perfectly inelastic? Use graphs in your explanation

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a. True b. False Indicate whether the statement is true or false

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Economics