comparing cpi from one period to another tells us the change in ___ * 1 point unemployment price level…

comparing cpi from one period to another tells us the change in ___ * 1 point unemployment price level economic growth the problem in the boom phase of expansion is _ * 1 point unemployment declining economic growth inflation

comparing cpi from one period to another tells us the change in ___ * 1 point unemployment price level economic growth the problem in the boom phase of expansion is _ * 1 point unemployment declining economic growth inflation

Answer

Brief Explanations:

The Consumer - Price Index (CPI) measures the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services. So comparing CPI from one period to another shows the change in the price level. In the boom phase of expansion, high levels of economic activity can lead to inflation as demand outstrips supply in some cases.

Answer:

  1. B. price level
  2. C. inflation