Multiple Choice
Assume you have $2,000 in a savings account at the beginning of the year and the price level is equal to 100.If the price level is equal to 120 at the end of the year,the real value of your savings is closest to
A) $1,667.
B) $1,880.
C) $2,120.
D) $2,400.
Correct Answer:
Verified
Correct Answer:
Verified
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