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Business, 10.12.2021 03:20 NobleWho

Suppose the value of the CPI is 1.100 in year 1, 1.122 in year 2, and 1.133 in year 3. Assume also that the price of computers increases by 3 percent between year 1 and year 2, and by another 3 percent between year 2 and year 3. The price level is increasing, the inflation rate is , and the relative price of computers is .

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Suppose the value of the CPI is 1.100 in year 1, 1.122 in year 2, and 1.133 in year 3. Assume also t...
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