What is the purchasing power


Problem

If inflation averages 2.5% each year from 2000 to 2009, what is the purchasing power in 2000 dollars of $25,000 in 2009?

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Microeconomics: What is the purchasing power
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