2. It can be an interesting exercise to compare the purchasing power of the dollar over different...

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2. It can be an interesting exercise to compare the purchasing power of the dollar over different periods in history. Go to www.bls.gov/cpi/ and scroll down to the link to the “inflation calculator.” Use this calculator to compute the following:

a. If a new home cost $125,000 in 2002, what would it have cost in 1950?

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