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If 20 units of a good (X) can be purchased by 1 JD at Jan, 1, 2015. Assuming the inflation during 2015 reflects on
If 20 units of a good (X) can be purchased by 1 JD at Jan, 1, 2015. Assuming the inflation during 2015 reflects on prices of all goods and services that at Dec, 31, 2015, the 1 JD can purchase only 16 units of the good (X) 14. What is the general price index? * (2 Points) a) 25% b) 80% c) 125% d) 180%
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Principles of economics
Authors: N. Gregory Mankiw
6th Edition
978-0538453059, 9781435462120, 538453052, 1435462122, 978-0538453042
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