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Laureen Mauer's salary a year ago was $50,000. If inflation during the year was 5 percent in Tampa where she lives, how much of a
Laureen Mauer's salary a year ago was $50,000. If inflation during the year was 5 percent in Tampa where she lives, how much of a decline in her purchasing power occurred? Enter the dollar answer as a positive value. Round your answer to the nearest dollar $ Also, what would be her purchasing power if deflation of 1.5 percent occurred? Round your answer to the nearest dollar. 5
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