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If prices have increased according to the Consumer Price Index (CPI), what has occurred in the economy?

Sagot :

fernadiaz82

Answer:

The correct answer is that it has occurred that the economy has suffered from inflation.

Explanation:

To begin with, the concept of inflation is known in the economic sciences for refering to the situation where the prices of every good and service in general in the economy have risen up and it is due to the fact that now the acquisition power of the currency has lost value and therefore that every good is now more expensive than before stating that the purchasing power per unit of the money has suffered a reduction. Moreover, a very common intrument to actually measure the inflation is the very well known Consumer Price Index whose major purpose is to accomplish that task.

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