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QUESTION 2 7 Assume that the Consumer Price Index ( CPI ) for June 2 0 2 3 is 2 4 6 . 5 0
QUESTION
Assume that the Consumer Price Index CPI for June is Interpret this number.
a: output has increased by
b the price level for all goods has increased by
c the inflation rate between June and the previous year is
d a basket of consumer goods that cost $ in the base year would cost $ in June
e purchasing power has decreased by
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