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Question: given the following information calculate the rate of increase in...

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Given the following information, calculate the rate of increase in the price level from 2015 to 2016 2016 $12,000 10,500 2015 Nominal GDP Real GDP $10,000 9,500 OA, 8.6% ○ B. 7.9% ○ D. -8.6%

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