Suppose the price level reflects the number of dollars needed to buy a basket of goods containing one can of soda, one bag of chips, and one comic book. in year one, the basket costs $8.00. in year two, the price of the same basket is $7.00. from year one to year two, there is (blank) at an annual rate of (blank) (how do i calculate the rate? )
in year one, $40.00 will buy (blank) baskets, and in year two, $40.00 will buy(blank)