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es In 2006, Annie, an 80-year-old, is telling her granddaughter Mary about the good old days. Annie says that in 1931, you could buy a
es In 2006, Annie, an 80-year-old, is telling her granddaughter Mary about the good old days. Annie says that in 1931, you could buy a nice house for $15,000 and a jacket for $6. Mary says that in 2006 such a house costs $275,000 and such a jacket costs $60. The CPI in 1931 was 13.9 and in 2006 it was 201.6. The house with the lower price is the and the jacket with the lower price is the A. $275,000 house in 2006; $60 jacket in 2006 B. $275,000 house in 2006; $6 jacket in 1931 C. $15,000 house in 1931; $60 jacket in 2006 OD. $15,000 house in 1931; $6 jacket in 1931
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