c. An average new car cost about $18,000 in 2002. What would this have cost in 1945?

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c. An average new car cost about $18,000 in 2002.

What would this have cost in 1945?

d. Using the results you found in Questions b and c, does a car consume more or less of average household income in 2002 than in 1945?

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The Economics Of Money Banking And Financial Markets

ISBN: 9780321122353

7th Edition

Authors: Frederic S. Mishkin

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Question Posted: Jul 26, 2024 10:00 AM

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c. An average new car cost about $18,000 in 2002. What would this have cost in 1945?

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The Economics Of Money Banking And Financial Markets

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