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Explain the meaning of the following CPIs relative to a base year. Year 1=90, Year 2-100, Year 3-125, Year 4=150. Lastly explain why the percent
Explain the meaning of the following CPIs relative to a base year. Year 1=90, Year 2-100, Year 3-125, Year 4=150. Lastly explain why the percent change in prices from year 3 to year 4 is NOT 25%.
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Macroeconomics Theories and Policies
Authors: Richard T. Froyen
10th edition
013283152X, 978-0132831529
