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macroeconomics The value of a dollar is the reciprocal of the price index In 1986, the CPI had a value of 1, hence the value

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macroeconomics

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The value of a dollar is the reciprocal of the price index In 1986, the CPI had a value of 1, hence the value of a dollar in 1986 equalled $1. If the price index now is 2, what is the value of the dollar in 1986 prices? The value of a dollar is (Round to the nearest penny) What if the price index is 1.5? The value of a dollar is (Round to the nearest penny)

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