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Period 1 is the base year. The total cost of bundle of goods in period 1 is $300. The same bundle of goods costs $320
Period 1 is the base year. The total cost of bundle of goods in period 1 is $300. The same bundle of goods costs $320 in period 2. The period 2 price index is
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Principles of Economics
Authors: N. Gregory Mankiw
8th edition
1305585127, 978-1305971493, 978-1337516860, 1337516864, 978-0357539200, 978-1305585126
