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In the following economy, what is cost of the basket of goods in year 2? Year1 Year2 P of Guns $1.00 $2.00 P of Butter

In the following economy, what is cost of the basket of goods in year 2? Year1 Year2 P of Guns $1.00 $2.00 P of Butter $0.50 $1.50 Basket of Goods Guns 10 10 Butter 20 20

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