You tell your grandmother about a car youre thinking of buying and, as expected, she tells you

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You tell your grandmother about a car you’re thinking of buying and, as expected, she tells you a story about buying her first brand new car for $1,500. You feel envious of older generations and wish you could buy a new car for $1,500. Explain how you are falling victim to money illusion.

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Principles Of Economics

ISBN: 9781319330156,9781319419769

2nd Edition

Authors: Betsey Stevenson, Justin Wolfers

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