The price of a serving of McDonalds French fries in 1950 was 10. Using the Internet, or
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The price of a serving of McDonald’s French fries in 1950 was 10¢. Using the Internet, or visiting a McDonald’s, determine the price of fries today. The federal government’s urban CPI index is available athttp://www.bls.gov/cpi/#data and at http://research.stlouisfed.org/fred2/series/CPIAUCNS. Based on these data, has the real price of fries increased?
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