The graph in Figure 3.39 shows the percentage change in the Consumer Price Index (CPI) over recent years. In what year (of the years displayed) was the change in the CPI the greatest? What happened in 2009? How did actual prices in 2015 compare to those in 1990? Based on this graph, what can you conclude about changes in prices during the period shown?

Transcribed Image Text:

Year 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 Percent change from previous year U Percent Change in CPI