Over a long period of time, the price of a candy bar rose from $0.20 to $1.20.

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Over a long period of time, the price of a candy bar rose from $0.20 to $1.20. Over the same period, the CPI rose from 150 to 300. Adjusted for overall inflation, how much did the price of the candy bar change?

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Essentials of Economics

ISBN: 978-1337091992

8th edition

Authors: N. Gregory Mankiw

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Question Posted: May 25, 2018 03:47 AM

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Over a long period of time, the price of a candy bar rose from $0.20 to $1.20.

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Essentials of Economics

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