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At a Price Level of 100, John Has Savings Equal

Question 68

Multiple Choice

At a price level of 100, John has savings equal to $20,000. If the price level increases to 130, the buying power of John's savings is approximately

A) $15,400.
B) $12,780.
C) $26,000.
D) $30,000.
E) $20,000.

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