A one-pound bag of Oreos cost 32 cents in 1922 and $2.99 in 2016.Although the 2016 price is higher,there is a very real sense in which Oreos were cheaper in 2016 than in 1922.Explain,making reference to price levels.

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The Answer of A one-pound bag of Oreos cost 32 cents in 1922 and $2.99 in 2016.Although the 2016 price is higher,there is a very real sense in which Oreos were cheaper in 2016 than in 1922.Explain,making reference to price levels.

A One-Pound Bag of Oreos Cost 32 Cents in 1922