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Business, 04.12.2019 04:31 edulak5726

Suppose the price level reflects the number of dollars needed to buy a basket of goods containing one can of soda, one bag of chips, and one comic book. in year one, the basket costs $10.00. in year two, the price of the same basket is $9.00. from year one to year two, there is at an annual rate of . in year one, $50.00 will buy baskets, and in year two, $50.00 will buy baskets. this example illustrates that, as the price level falls, the value of money .

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