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The table below reports a CPI value for five different major cities in June 2 0 2 3 . Use this information to answer the
The table below reports a CPI value for five different major cities in June
Use this information to answer the question below.
City CPI June
New York
Detroit
Seattle
Los Angeles
Chicago
Assume that you received a $ raise in your nominal income during June, In which city would the purchasing power of that raise be greatest:
a
New York
b
Detroit
c
Seattle
d
Los Angeles
e
Chicago
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