The table shows the CPI in Sparta. Calculate Sparta's inflation rates in 2002 and 2003. Did...

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The table shows the CPI in Sparta. Calculate Sparta's inflation rates in 2002 and 2003. Did the price level rise or fall in 2003? Did the inflation rate increase or decrease in 2003? Sparta's inflation rate in 2002 was Sparta's inflation rate in 2003 was In 2003, Sparta's price level percent. percent. and its inflation rate decreased remained constant increased Year 2001 2002 2003 CPI 121 141 160 The table shows the CPI in Sparta. Calculate Sparta's inflation rates in 2002 and 2003. Did the price level rise or fall in 2003? Did the inflation rate increase or decrease in 2003? Sparta's inflation rate in 2002 was Sparta's inflation rate in 2003 was In 2003, Sparta's price level percent. percent. and its inflation rate decreased remained constant increased Year 2001 2002 2003 CPI 121 141 160

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Spartas inflation rates in 2002 and 2003 To calculate the inflation ratewe use the following fo... View the full answer