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Macroeconomics 12th Edition by Michael Parkin
Edition 12ISBN: 978-0133872279Macroeconomics 12th Edition by Michael Parkin
Edition 12ISBN: 978-0133872279 Exercise 1
In April 2014, the money price of a carton of milk was $2.01 and the money price of a gallon of gasoline was $3.63. Calculate the relative price of a gallon of gasoline in terms of milk.
Explanation
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A relative price is the ratio of price o...
Macroeconomics 12th Edition by Michael Parkin
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