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(Price Index) You are offered a job paying $50,000 starting June 2021. Your parent started working at a comparable job in May 1996 for $24,000.

  1. (Price Index) You are offered a job paying $50,000 starting June 2021. Your parent started working at a comparable job in May 1996 for $24,000. If the CPI price index in May 1996 were 188.27 and the CPI price index is expected to be 260.22, which one of you will be comparably better paid, all else held equal?

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