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    Macroeconomics Study Set 12
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    Exam 8: Inflation
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    Assume That the CPI in 2018 Was 217, While the CPI
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Assume That the CPI in 2018 Was 217, While the CPI

Question 101

Question 101

True/False

Assume that the CPI in 2018 was 217, while the CPI in 1990 was 82. If a person had $6000 in 1990, its equivalent purchasing power in 2018 would be $10 850.

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