Economics (AS & A Level) · Feb / March 2021 · Paper 12 · Question 26
9708Price stability
The table shows a country's consumer prices index (CPI) for March and April 2018. | | CPI | |---|---| | March 2018 | 151.3 | | April 2018 | 148.6 | Which statement correctly describes what happened between these two months?
- AThere was a decrease in the annual rate of inflation.
- BThere was a decrease in real interest rates.
- CThere was an increase in the purchasing power of money.
- DThere was an increase in the standard of living.
As printed in the paper
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Correct answer: C. There was an increase in the purchasing power of money.
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