Suppose you have $6,000 in savings when the price level index is at 100. a. What is

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Suppose you have $6,000 in savings when the price level index is at 100.

a. What is the real value of your savings if the price level increases by 12 percent for the year?

b. What is the real value of your savings if the price level declines by 5 percent for the year?

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The Macro Economy Today

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Authors: Bradley R. Schiller, Karen Gebhardt

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Posted Date: Mar 09, 2024 08:07 AM

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Suppose you have $6,000 in savings when the price level index is at 100. a. What is

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a When the price level increases by 12 percent the new price level ... View the full answer

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