question 6 points 2 if the cpi for a specific year is 150, and the cpi for the previous year was 140, what…

question 6 points 2 if the cpi for a specific year is 150, and the cpi for the previous year was 140, what does this indicate? deflation no change in prices inflation stagnation

question 6 points 2 if the cpi for a specific year is 150, and the cpi for the previous year was 140, what does this indicate? deflation no change in prices inflation stagnation

Answer

Answer:

Inflation

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. When the CPI increases from 140 to 150, it indicates that the general level of prices has risen, which is the definition of inflation.