Business, 27.05.2021 05:20 dozsyerra

Suppose you have $10,000 in savings when the price level index is at 100. Instructions: Enter your responses rounded to the nearest whole number.

a. What is the real value of your savings if the price level increases by 6 percent for the year?

b. What is the real value of your savings if the price level declines by 2 percent for the year?

Answers: 2

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Suppose you have $10,000 in savings when the price level index is at 100. Instructions: Enter your...