What is a price level? If the price level is higher in one country than another, what

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What is a “price level”? If the “price level” is higher in one country than another, what does that tell us, if anything, about the standard of living in that country?

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Modern Principles of Economics

ISBN: 978-1429278393

3rd edition

Authors: Tyler Cowen, Alex Tabarrok

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Question Posted: Nov 24, 2015 08:54 AM

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What is a price level? If the price level is higher in one country than another, what

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As defined in this chapter the price level is the average price of goods and ser...View the full answer

Modern Principles of Economics

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