Quantity Price Quantity Price Cars 100 $50,000 120 $60,000 Bread 500,000 $10 400,000 $20 1. (2%) What

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Cars 100 $50,000 120 $60,000

Bread 500,000 $10 400,000 $20

1. (2%) What is the inflation rate between year 1 and year 2?

2. (2%) Suppose you are a senator writing a bill to index Social Security and federal pensions. That is, your bill will adjust benefits to offset changes in cost of living. Will you use the GDP deflator or the CPI? Why?

Posted Date: Jun 12, 2024 04:03 PM

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Quantity Price Quantity Price Cars 100 $50,000 120 $60,000 Bread 500,000 $10 400,000 $20 1. (2%) What

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