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    Modern Principles of Economics
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    Exam 12: Inflation and the Quantity Theory of Money
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    Suppose the Consumer Price Index in 1987 Is 428 with a Base
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Suppose the Consumer Price Index in 1987 Is 428 with a Base

Question 144

Question 144

Essay

Suppose the Consumer Price Index in 1987 is 428 with a base year of 1967. What does this tell us about prices in 1987?

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It tells us that prices in 198...

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