If the CPI rose from 100 to 500, the price level rose by ________.
A. 100 percent
B. 200 percent
C. 300 percent
D. 400 percent
E. 500 percent
Answer: D
If the CPI rose from 100 to 500, the price level rose by ________.
A. 100 percent
B. 200 percent
C. 300 percent
D. 400 percent
E. 500 percent
Answer: D