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Need some help with these homework questions, thanks! Question 1 10 pts Which of the following statements is true? 0 The real interest rate equals
Need some help with these homework questions, thanks!
Question 1 10 pts Which of the following statements is true? 0 The real interest rate equals the nominal rate of interest plus the ination rate. Q The consumer price index (CPI) measures changes in the average prices of consumer goods and services. 0 Real income is the actual number of dollars received over a period of time. Q Disinflation is an increase in the rate of ination. Question 2 10 pts Consider an economy with only two goods: bread and wine. In the base year, the typical family bought four loaves of bread at $2 per loaf and two bottles of wine for $9 per bottle. In a given year, bread cost $3 per loaf, and wine cost $10 per bottle. The CPI for the given year is O 126. O 130. O 100. O 123Step by Step Solution
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