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Suppose That the CPI Is Currently 300 and Was 50

Question 75

Multiple Choice

Suppose that the CPI is currently 300 and was 50 in 1969. Then, according to the CPI, $600 today purchases the same amount of goods and services as what amount in 1969?


A) $50
B) $80
C) $100
D) $800

Correct Answer:

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