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Economics

This is all the data you have: The CPI today (at any point in time--whenever "today" may be) stands at 228.5, this should be interpreted to mean that:

a. prices have risen 228.5% since the base period

b. the economy currently is experiencing inflation

c. that representative bundle of goods and services that would have cost $10 in the base period would now cost $22.85

d. all the above are correct interpretations

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M91229823

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