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Suppose the consumer price index (CPI) for 2020 is 130. This means the average price of goods and services is: 130 percent more in 2020
Suppose the consumer price index (CPI) for 2020 is 130. This means the average price of goods and services is: 130 percent more in 2020 than in the base year. Currently $130. 130 percent more in the base year than in 2020. Priced at 30 percent more in 2020 than in the base year
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Core Macroeconomics
Authors: Eric Chiang
3rd edition
978-1429278478, 1429278471, 978-1429278492, 1429278498, 1464191433, 978-1464191435
