Question: Use the following price level data to answer this question. 1920: 10 1950: 50 1980: 500 2009: 1,000 Say a movie cost a nickel in

Use the following price level data to answer this question.

  • 1920: 10
  • 1950: 50
  • 1980: 500
  • 2009: 1,000

Say a movie cost a nickel in 1920. How much is that in 2009 dollars?

A.$0.25

B.$1.00

C.$2.50

D.$5.00

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