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Macroeconomics 9th Edition by David Colander
Edition 9ISBN: 978-0077501860Macroeconomics 9th Edition by David Colander
Edition 9ISBN: 978-0077501860 Exercise 21
People's perception of inflation often differs from actual inflation.
a.List five goods that you buy relatively frequently.
b.Looking in old newspapers (found in the library on microfiche), locate sales prices for these goods since 1950, finding one price every five years or so.etermine the average annual price rise for each good from 1950 to today.
c.Compare that price with the rise in the consumer price index.
a.List five goods that you buy relatively frequently.
b.Looking in old newspapers (found in the library on microfiche), locate sales prices for these goods since 1950, finding one price every five years or so.etermine the average annual price rise for each good from 1950 to today.
c.Compare that price with the rise in the consumer price index.
Explanation
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a. Answers may differ. Five goods we buy...
Macroeconomics 9th Edition by David Colander
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