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Business, 16.04.2021 04:00 Geo777

Suppose Rob, an avid golfer, spent a total of $3000 on green fees for the 100 rounds of golf he played in 2018 and a total of $2800 on green fees for the 100 rounds of golf he played (on the same courses) in 2019. Rob's nominal consumption of golf in 2019 was his nominal consumption level in 2018 and his real consumption of golf in 2019 was his real consumption level in 2018.

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Suppose Rob, an avid golfer, spent a total of $3000 on green fees for the 100 rounds of golf he play...

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