Suppose you have $8,000 in savings when the price level index is at 100. Instructions: Enter your responses rounded to the nearest whole number.(a) If inflation pushes the price level up by 10...

Suppose you have $8,000 in savings when the price level index is at 100.Instructions:
Enter your responses rounded to the nearest whole number.(a) If inflation pushes the price level up by 10 percent, what will be the real value of your savings?$(b) What is the real value of your savings if the price level declines by 10 percent?$
Nov 11, 2021
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