Mathematics, 10.12.2019 21:31, letsgetcookingblog

Consider a simple economy where the basket of goods used to calculate the cpi contains two items: shirts and pants. the basket consists of 3 shirts and 2 pairs of pants. each item increases in price by $1 in year 2 what is the cpi if the pants are 20$ and the shirt is 15

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Consider a simple economy where the basket of goods used to calculate the cpi contains two items: s...