lectur13-page52

lectur13-page52 - $3.00 $1.00 / $ .50 = 2 $3.00 / $2.00 =...

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52 An Example: Nominal Price Relative Price Price Price Price Price 3 yrs ago today 3 yrs ago today Hamburger $1.00
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Unformatted text preview: $3.00 $1.00 / $ .50 = 2 $3.00 / $2.00 = 1.5 Hot dogs $ .50 $2.00 $.50 / $1.00 = .50 $2.00 / $3.00 = .67...
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