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Tiffany Is Offered a Job in Minneapolis That Pays $80,000

Question 144

Multiple Choice

Tiffany is offered a Job in Minneapolis that pays $80,000.She is offered a similar job in Memphis that pays $64,000.Which set of CPIs would make the two salaries have almost the same purchasing power?


A) 90 in Minneapolis and 80 in Memphis
B) 90 in Minneapolis and 72 in Memphis
C) 90 in Minneapolis and 66 in Memphis
D) None of the above is correct.

Correct Answer:

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