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Here are some recent data on the U.S. consumer price index:

Year CPI
1999 166.6
2000 172.2
2001 177.1

Compute the inflation rate for each year 1999-2001 and determine which years were years of inflation. In which years did deflation occur? In which years did disinflation occur? Was there hyperinflation in any year?

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M940546

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