This table indicates the historical level of the Consumer Price Index (CPI) for the United States for 1980, 1981, and 1982. Complete the table by (1) selecting the inflation rates for 1981 and 1982, and (2) indicating for each year whether there has been inflation, defi or hyperinflation. Year CPI Inflation Rate Change in Price Level 1980 82.4 1981. 90.9 1982 96.5 What rates of inflation for 1983 would be consistent with disinflation between 1982 and 1983? Check all that apply. 6.1% 6.2% 16.2% 56.2% What rates of inflation for 1983 would be consistent with hyperinflation? Check all that apply. 15.1% 120.1% 100.1% -6.2%
This table indicates the historical level of the Consumer Price Index (CPI) for the United States for 1980, 1981, and 1982. Complete the table by (1) selecting the inflation rates for 1981 and 1982, and (2) indicating for each year whether there has been inflation, defi or hyperinflation. Year CPI Inflation Rate Change in Price Level 1980 82.4 1981. 90.9 1982 96.5 What rates of inflation for 1983 would be consistent with disinflation between 1982 and 1983? Check all that apply. 6.1% 6.2% 16.2% 56.2% What rates of inflation for 1983 would be consistent with hyperinflation? Check all that apply. 15.1% 120.1% 100.1% -6.2%
Chapter7: Unemployment And Inflation
Section: Chapter Questions
Problem 3.7P
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