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Suppose your grandmother had a $20,000 income in 1970. If the CPI in 1970 was 162 and 220 in 2016. What has happened to your
Suppose your grandmother had a $20,000 income in 1970. If the CPI in 1970 was 162 and 220 in 2016. What has happened to your grandmother's purchasing power of income over these 46 years? Question 32 options: A) it has not changed B) it has increased C) it has decreased
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