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During a certain 8 year period, the consumer price index (CPI) increased by
70% but during the next 8-year period, it increased by only 60%. Which of
these conditions must have existed during the second 8-year period?
A. Inflation
B Stagnation
C. Conflation
D. Deflation

Respuesta :

Answer:inflation

Step-by-step explanation:

The condition that existed during the second 8-year period is inflation. This is because the CPI is increased even in these 8-years.

How inflation and CPI (consumer price index) are related?

If the CPI increases over a period of time when inflation exists during that period of time.

Inflation rate = [(current) CPI - (past) CPI]CPI(current) × 100

Which condition is true for the given CPI?

During a certain 8-year period, the consumer price index (CPI) increased by 70%.

But during the next 8-year period, it increased by only 60%.

Even though there is a change in percentage, the CPI increased during that period.

This is because inflation. So, option A is correct.

So, inflation existed during the second 8-year period.

Learn more about the inflation and the CPI here:

https://brainly.com/question/14859600

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