Question 34 You earned $30,000 in 2009, and your salary rose to $80,000 in 2018. If the CPI rose from 82 to 202 between 2009 and 2018, which of the following is true? The purchasing power of your salary increased between 2009 and 2018. There was deflation between 2009 and 2018. The purchasing power of your salary remained constant between 2009 and 2018. The purchasing power of your salary fell between 2009 and 2018.

Question 34 You earned $30,000 in 2009, and your salary rose to $80,000 in 2018. If the CPI rose from 82 to 202 between 2009 and 2018, which of the following is true? The purchasing power of your salary increased between 2009 and 2018. There was deflation between 2009 and 2018. The purchasing power of your salary remained constant between 2009 and 2018. The purchasing power of your salary fell between 2009 and 2018.

Macroeconomics

13th Edition

ISBN:9781337617390

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter6: Macroeconomic Measurements, Part I: Prices And Unemployment

Section: Chapter Questions

Problem 4WNG

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