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The table below pertains to Woodland, an economy in which the typical consumer's basket consists of 20 pieces of cake and 10 cups of coffee.
The table below pertains to Woodland, an economy in which the typical consumer's basket consists of 20 pieces of cake and 10 cups of coffee. Year Price of a peace of cake Price of a cup of coffee 2014 $3 $2 2015 $1 $7 2016 $4 $5 Refer to Table. If the base year is 2014, then the CPI in 2014 was a. 100. b. 1. c. 0. d. 80
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Macroeconomics
Authors: Andrew B. Abel, Ben S. Bernanke, Dean Croushore, Ronald D. Kneebone
8th Canadian Edition
134646355, 9780134842615 , 978-0134646350
