Practice Problem 15.7


Practice Problem 15.7

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Jackie
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Part A of 15.7. What happens on Jan 1, 20X3? Is the following true?

On Jan 1, 20X3, the price level is = 160, and inflation is > 0

On Jan 2, 20X3, the price level stays the same 160, and inflation = 0.

[NEAS: Yes.]



Jackie
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