Business, 12.08.2019 20:20 murtaghliam1

Suppose the price level reflects the number of dollars needed to buy a basket of goods containing one cup of coffee, one donut, and one newspaper. in year one, the basket costs $9.00.in year two, the price of the same basket is $8.00. from year one to year two, there is at an annual rate of .in year one, $72.00 will buy baskets, and in year two, $72.00 will buy baskets. this example illustrates that, as the price level falls, the value of money

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