Which of the following statements correctly describe the behavior of prices in China?
A. The cost of the CPI basket decreased in 2002.
B. China experienced a high price level and high inflation.
C. Inflation reached 73% between the base year and 2001.
D. The inflation rate between 2005 and 2006 was 14.4 percent.
Answer:A
Which of the following statements correctly describe the behavior of prices in China?
A. The cost of the CPI basket decreased in 2002. B. China experienced a high price level and high inflation. C. Inflation reached 73% between the base year and 2001. D. The inflation rate between 2005 and 2006 was 14.4 percent.