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-If the Price Level for a Given Year Was 1

Question 72

Multiple Choice
-If the price level for a given year was 1.333, then the real value of $1 would be

-If the price level for a given year was 1.333, then the real value of $1 would be A) $1.33. B) $1.00. C) $.90. D) $.75. E) $.33.
-If the price level for a given year was 1.333, then the real value of $1 would be


A) $1.33.
B) $1.00.
C) $.90.
D) $.75.
E) $.33.

Correct Answer:

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