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Unformatted text preview: cent. percent, and prices between July and August changed Create a Laspeyres price index using August as the base period. How did his cost of living change
according to this measure? Instructions: Round your answers to 1 decimal place. Prices between June and July changed by 38. 6 by 7. 5 percent. percent, and prices between July and August changed c. Do the Laspeyres price indexes you obtained imply the same percentage increases in Arnold's cost of living
Prices change by different am ounts in the sam e direction over tim e. r...
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This note was uploaded on 01/22/2014 for the course ECO 3352 taught by Professor Ax during the Fall '13 term at Troy.
- Fall '13