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Use the following price level data to answer this question. 1920: 10 1950: 50 1980: 500 2009: 1,000 Say a movie cost a nickel in
Use the following price level data to answer this question.
- 1920: 10
- 1950: 50
- 1980: 500
- 2009: 1,000
Say a movie cost a nickel in 1920. How much is that in 2009 dollars?
A.$0.25
B.$1.00
C.$2.50
D.$5.00
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Economics
Authors: Campbell McConnell, Stanley Brue, Sean Flynn
21st Edition
1259723224, 9781259723223
