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Go to the website of the Bureau of the Labor Statistics (http://www.bls.gov) and find data on the CPI. By how much has the index including all items risen over the past year? For which categories of spending have prices risen the most? The least? Have any categories experienced price declines? Can you explain any of these facts?

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Principles of Economics (MindTap C...

8th Edition
N. Gregory Mankiw
Publisher: Cengage Learning
ISBN: 9781305585126

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BuyFindarrow_forward

Principles of Economics (MindTap C...

8th Edition
N. Gregory Mankiw
Publisher: Cengage Learning
ISBN: 9781305585126
Chapter 24, Problem 4PA
Textbook Problem
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Go to the website of the Bureau of the Labor Statistics (http://www.bls.gov) and find data on the CPI. By how much has the index including all items risen over the past year? For which categories of spending have prices risen the most? The least? Have any categories experienced price declines? Can you explain any of these facts?

To determine
Data onCPI.

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