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Suppose the average price of an economics textbook in 1978 was $25. Assuming the price of economics textbooks increased at the rate of inflation, what
Suppose the average price of an economics textbook in 1978 was $25. Assuming the price of economics textbooks increased at the rate of inflation, what is the 2022 price of a textbook if the CPI increased from approximately 65 in 1978 to approximately 300 in 2022
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