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Consider a telephone call to London that currently would cost $5. If the real price of telephone calls does not change in the future, how
Consider a telephone call to London that currently would cost $5. If the real price of telephone calls does not change in the future, how much will it cost you to make a call to London in 50 years if the inflation rate is 5 percent (roughly its average over the past 25 years)? What if inflation is 10 percent?
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