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11.Suppose a market basket of goods and services costs $400 in the base year and the consumer price index (CPI) is currently 125. This indicates

11.Suppose a market basket of goods and services costs $400 in the base year and the consumer price index (CPI) is currently 125. This indicates the price of the market basket of goods is now:

a. $275.
b. $425.
c. $500.
d. $525.

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Intermediate Microeconomics and Its Application

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