Plot both series (nominal and inflation-adjusted) AB1 TimeNominal priceсUS CPI (Sep 15-100)2Sep-752.9422.952480233 Oct-752.7523.092776564Nov-752.5823.23307295 Dec-752.4623.33128033D

The nominal price shows the current prices of the goods and services whereas the real price reflects…

Answered: 1 Time Nominal price 2 Sep-75 2.94 3…

1 Time Nominal price 2 Sep-75 2.94 3 Oct-75 2.75 4 Nov-75 2.58 US CPI (Sep 15-100) 22.95248023 23.09277656 23.2330729 Dec-75 2.46 22 22128022

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Plot both series (nominal and inflation -adjusted)

A
B
1 Time
Nominal price
с
US CPI (Sep 15-100)
2
Sep-75
2.94
22.95248023
3 Oct-75
2.75
23.09277656
4
Nov-75
2.58
23.2330729
5 Dec-75
2.46
23.33128033
D

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