People supply their resources to the lowest-paying alternative, other things constant

If the price index last year was 100 and today it is 167, what is the inflation rate over this period?

A) 33 percent B) -67 percent C) -6.7 percent D) 167 percent E) 67 percent

Changes in the consumer price index are useful in predicting changes in the producer price index

a. True b. False Indicate whether the statement is true or false