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Loraine Loraine
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9 years ago
Sharisse brags to her mother that her starting salary as a management trainee is $36,000, much higher than her mother's starting salary of $21,000 as a management trainee several years ago. If the CPI the year Sharisse begins work is 181.2 and the CPI the year her mother started work was 109.1, Sharisse is
A) wrong. Adjusting for price changes, her salary is less than her mother's salary.
B) wrong. Adjusting for quantity changes, her salary is less than her mother's salary.
C) correct. Adjusting for price changes, her salary is more than her mother's salary.
D) correct. Adjusting for quantity changes, her salary is more than her mother's salary.
E) maybe wrong and maybe right. Adjusting for quantity changes, her salary is less than her mother's salary but with the information given we are unable to further adjust for price changes.
Textbook 
Essential Foundations of Economics

Essential Foundations of Economics


Edition: 7th
Authors:
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Start by doing what's necessary; then do what's possible; and suddenly you are doing the impossible.
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Chimelo46Chimelo46
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9 years ago
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8 years ago
Glad to help you, and good luck with your course.
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