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In the year 1890, a single carton of milk cost $0.18. In the year 1891, the same carton of milk cost $0.40. If the consumer
In the year 1890, a single carton of milk cost $0.18. In the year 1891, the same carton of milk cost $0.40. If the consumer price index only included milk, what would the inflation rate have been from 1890 to 1891? 45% 122.22% 55% 1.22%
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Microeconomics
Authors: Paul Krugman, Robin Wells
3rd edition
978-1429283427, 1429283424, 978-1464104213, 1464104212, 978-1429283434
