The table below shows the annual changes in CPI from Year 1 to Year 4. During...

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The table below shows the annual changes in CPI from Year 1 to Year 4. During which year did this economy experience deflation? Percentage change in the CPI from the year before Year 1 +2% Year 2 +3% Year 3 1% Year 4 4% O Year 1 O Year 2 O Year 3 Year 4 The table below shows the annual changes in CPI from Year 1 to Year 4. During which year did this economy experience deflation? Percentage change in the CPI from the year before Year 1 +2% Year 2 +3% Year 3 1% Year 4 4% O Year 1 O Year 2 O Year 3 Year 4

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The correct answer is D Year 4 Inflation is an increase in th... View the full answer