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If the Price of Gasoline Increased from $2

Question 66

True/False

If the price of gasoline increased from $2.50 per gallon in 2006 to $3.50 per gallon in 2010,during which time the CPI increased from 203.1 to 220.2,then we can conclude that the real price of gasoline declined from 2006 to 2010.

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