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If the price of a package of grapefruit is $3 in 2020 when the general price level is 100, what would the price of the
If the price of a package of grapefruit is $3 in 2020 when the general price level is 100, what would the price of the same package be in 2021 if the price level is 110, and the price of grapefruit moves in tandem with the general price level? $4.50 $3.00 $0.91 $3.30
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Microeconomics
Authors: Austan Goolsbee, Steven Levitt, Chad Syverson
1st Edition
978-1464146978, 1464146977
