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Month/Yr Housing Medical Care Jul/2021 280.943 524.431 Real-time data provided by Federal Reserve Economic Data (FRED), Federal Reserve Bank of Saint Louis Because the index

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Month/Yr Housing Medical Care Jul/2021 280.943 524.431 Real-time data provided by Federal Reserve Economic Data (FRED), Federal Reserve Bank of Saint Louis Because the index for medical care exceeds the index for housing, it must be the case that a unit of medical care costs more than a unit of housing. This assertion is false Suppose that prices for both housing and medical care increase by 10%. Complete the following table to show the increase that occurs in each of these indexes. (Enter your responses rounded to one decimal place.) Consumer Price Index Increases: Selected Categories Housing Medical Care

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