Business, 07.05.2020 12:59 kaykardash

Note that the CPI-based rate of inflation between 2015 and 2016 in the baseline scenario provided is 9.6%. Suppose, instead of rising from $2 to $2.50 between 2015 and 2016, the price of hamburgers rose to $3.50. What would be the rate of inflation? Instructions: Round your answer to one decimal place.

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Note that the CPI-based rate of inflation between 2015 and 2016 in the baseline scenario provided is...

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