Inflation and the Quantity Theory of Money - Discovering Data How much did a typical basket of goods increase in price between 2000 and 2020? The accompanying diagram plots the CPI, which measures the annual rate of inflation. FRED 320 Index 1982-1984-100 280 240 200 160 120 80 00 1990 2000 2010 2020 1950 1975 Source: U.S. Bureau of Labor Statistics

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A: Explanation is given below Explanation: