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Posted by on Thursday, April 4, 2013 at 3:03pm.

Suppose you have $7,000 in savings when the price level index is at 100.



A. If inflation pushes the price level up by 10 percent, what will be the real value of your savings?









B. What is the real value of your savings if the price level declines by 10 percent?

  • Economics - , Tuesday, September 29, 2015 at 1:37am

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  • Economics - , Monday, February 22, 2016 at 5:15pm

    Suppose you have $7,000 in savings when the price level index is at 100.



    A. If inflation pushes the price level up by 10 percent, what will be the real value of your savings?









    B. What is the real value of your savings if the price level declines by 10 percent?

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